"Eat! Eat up!!" Lu Feng shouted to all the traders.
In five seconds, the trading volume exceeded HK$10 billion; in less than thirty seconds, HK$100 billion was absorbed.
Unable to break through with a strong attack, Robertson realized what was happening and hurriedly said, "Stop selling! Cancel the order!"
"Not only should we cancel the orders, but we should also go long on the Hong Kong dollar at low prices!" Soros said urgently.
Selling a large amount at nine yuan and buying back at ten and a half yuan would have allowed me to maintain a small profit and reduce my position. But now, can I actually get rid of it?
"Withdraw all sell orders, funds are actively buying!" the trader shouted to Lu Feng.
"Trying to run? We'll shut down Nine Yuan's worth of goods!" Lu Feng ordered.
The next second, the Hong Kong dollar gapped up, with more than 3 billion US dollars accumulating at the 9 dollar level, and the order book rose all the way from 9.01 dollars to 9.21 dollars.
At this moment, both exchanges fell silent simultaneously. The spaces seemed to merge, and everyone stared blankly at their computer screens. The funds at the nine-yuan mark were like two sturdy gates, trapping the funds that had rushed in earlier.
The countdown to the market closing has begun. There was no time to trade during the morning session. The screen inside the Goldman Sachs exchange showed that HK$160 billion in short selling was about to fall below the margin requirement and an increase in margin was requested.
The market closed, and the Hong Kong dollar price settled at 9.01. This reversal left everyone in the world stunned. Now everyone realized that this was a conspiracy. Lu Feng was constantly pretending to retreat, leading Wall Street to 10.05, and then using large sums of money to seal the door at 9.
Lu Feng's tenacious fighting style was on full display over the past half month. From over eight yuan, over nine yuan, over ten yuan, he relentlessly pursued them, relentlessly pushing them to their margin call level. He didn't use any single move to defeat them, but instead relentlessly harassed them, wearing down their funds and forcing them to use as much of their principal as possible in the margin.
As the market closed, Lu Feng led the applause, congratulating all the traders present and saying, "Your hand speed was perfect. Today's trade was absolutely brilliant. I need to make a call and chat with them!"
Lu Feng then called Robertson directly. He didn't answer the first two calls, but finally picked up on the third.
"160 billion Hong Kong dollars, congratulations! You sold your worthless Hong Kong dollars and exchanged them for US dollars, which are universally accepted. According to the average price, your 160 billion Hong Kong dollars is equivalent to a full 17 billion US dollars. You've emptied my pockets, leaving me as clean as my face!"
Lu Feng typed into his phone for a while, then laughed and said, "It's awful! I can't live anymore. What am I supposed to do with so many Hong Kong dollars? I can't buy a lithography machine, and I can't buy a fighter jet. I'm stuck with Hong Kong dollars!"
On the other end of the phone, Robertson's face turned ashen, and he cursed in broken Chinese, "Fuck you!"
The call was then disconnected. Lu Feng, looking smug, said to everyone, "Let's have a debriefing meeting, report the news, and then we have to have a good meal. Neither Hong Kong nor the mainland has a budget for meals, but that's okay, it's on me. Anyway, I had a great time tonight!"
Upon hearing that Lu Feng was treating everyone to dinner, cheers erupted from the crowd!
Lu Feng knew that after this battle, the overall situation was basically settled. Tiger Fund had already sold off more than half of its HK$30 billion worth of Hong Kong dollars, and they now had at most another HK$20 billion. Lu Feng, on the other hand, had HK$23 billion at his disposal.
In this situation, let alone 3 billion, even one more dollar would be enough to win!
The atmosphere inside the Goldman Sachs exchange was heavy. The already bad mood was now exacerbated. After a brief review, they saw that the Hong Kong Stock Exchange had been frantically shorting the Hong Kong dollar in the last ten minutes, selling itself and driving the Hong Kong dollar down.
Immediately after the meeting, they increased the margin by 5%, fearing that Lu Feng would drive their accounts down to zero that afternoon.
The problem now is, how do we get back the HK$170 billion that's at the HK$10.05 mark?
It's unlikely that such a low price will appear again, let alone with such a large trading volume. They don't have enough money on hand. The meeting before the market opened was full of arguments, and the meeting after the market closed was just silence.
People stopped blaming each other; they just felt that in those few minutes, everyone was not thinking clearly and made stupid mistakes.
After a long silence, Soros spoke up: "Two choices: give up or fight to the death?"
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