By then, the bugle call for the counterattack will have sounded!
Therefore, someone must hit the tiger with a stick today to prove whether or not this tiger eats people!
I called the Financial City and hurled insults at these people, using the word "trash" most frequently.
"You are the most unqualified partners I have ever met. You were scared off by someone like this? Who can accept this situation? You are destined to be worthless trash who lose both territory and finances. If you can't handle it, step aside and we'll take your place! Understand?"
The person on the other end of the phone naturally launched into a tirade, angrily berating them for not contributing a single penny and for adhering to the agreement instead of leaving them to bear the burden alone.
Robertson was naturally unhappy with this explanation, stating that his funds had been disguised as speculative capital to conduct a round of short selling, and that their poor coordination had caused this situation. He demanded that they quickly buy up 1 billion yuan at the bottom when the market opened in the afternoon, and that they would follow suit!
A billion! Not ten dollars. Even the bigwigs in the financial district wouldn't dare to take it on rashly, especially since they've already dumped too many Hong Kong dollars these past few days.
They've almost run out of funds according to the agreement between the two parties; if they keep going, they'll become the main force.
Finally, the short sellers in the financial district stated that they would only trade this one billion and then withdraw, leaving the rest to Wall Street, and demanded that they reduce the Hong Kong dollar to around eleven dollars today!
As the afternoon session began, there were no major fluctuations in the first ten minutes. Suddenly, sellers increased their positions, with over HK$30 billion (equivalent to nearly US$4 billion) piled up above.
"They're going to make their move!" a seasoned trader shouted.
"Get ready to buy. If they dare to dump, we'll push it up!" Lu Feng said in a deep voice.
John was already preparing, fearing a counterattack after absorbing the funds below, so he piled up HK$5 billion worth of Hong Kong dollars above to prevent Lu Feng from taking away the nine-dollar position.
Lu Feng watched them accumulate chips with a disdainful expression. He leaned on the trader's chair next to him and muttered to himself, "Is he betting that my gun is out of bullets?"
The next second, sell orders poured in, instantly breaking through the 9.5 yuan level and surging towards 9.6 yuan. In just ten seconds, the funds broke through 9.7 yuan, and the exchange rate headed straight for 10 yuan.
Inside the NYSE and London Stock Exchange, retail investors stared at the screens and shouted, "It's starting! It's starting! Huge volume has caused it to crash!"
"It's going to break ten yuan this time! Tonight it'll probably be twelve yuan, and even with ten yuan, you can still eat twenty percent of what you need!"
The speculative funds that had just been trapped rallied and began selling off their holdings. In less than two minutes, the Hong Kong dollar was driven down to ten dollars, reaching as low as ten dollars and five cents. Ten billion US dollars were wiped out completely!
"How much capital do you need to raise it to nine yuan?" Lu Feng asked.
“Five billion dollars!” the trader replied.
"Everyone, do more, don't eat it bite by bite, hang it all up for nine yuan, and be quick!" Lu Feng shouted in a deep voice.
The straight downward trend was suddenly pulled up, like a rocket taking off. Within five seconds, the trading volume reached 2.5 billion US dollars, and within 20 seconds, it reached 4.7 billion US dollars!
Inside the financial district, John and several managers panicked when they saw Lu Feng buying up the money like crazy. They weren't planning to throw this money into the market; they couldn't do more for Wall Street than they were supposed to!
"Cancel the order! Cancel the order now!"
In the chaos, they withdrew tens of billions of Hong Kong dollars, and the rest were all swallowed up!
The New York Stock Exchange was completely silent. The reversal was so fast that no one could process it. Even the Hong Kong dollar exchange rate displayed on the large screen flickered and faded.
Nine dollars?
From ten yuan to nine yuan?
They knew the Hong Kong dollar would be fiercely contested, but this was far too intense, even more heart-pounding than the Thai baht before!
Soros and his team, who had been sitting comfortably in front of their computers watching the market, were thrown into a panic when they saw the rapid rise in prices.
"Quick! Throw it!!" Robertson shouted, even standing up in his panic.
"Hold on! Push forward!"
Now they finally realized that this was a man-eating tiger. John was completely crushed in one round, but unfortunately the traders on this side were relaxed and had no time to react.
Lu Feng invested 6 billion yuan and saw that there was no pressure from above. How could he miss such a good opportunity?
"Keep pulling it up! Back to seven and eighty!" Lu Feng roared.
He knew that there must have been a problem with the other party's coordination, which led to the collapse of Europe and the failure of Wall Street funds to keep up. As long as the exchange rate returned to the anchor of 7.8, a group of people who had entered with leverage would definitely suffer margin calls, and it might even trigger liquidation transactions. This was truly a once-in-a-lifetime opportunity!
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