The Rebirth of the Financial Hegemon

Vol 3 Chapter 119: Ultimate Showdown

money, currency.

The materialization of wealth.

It can be bought to eat, drink, wear and use.

Because it can buy anything it wants, money is what everyone is after the day it appears.

Even many times, people seem to live only for money.

And once the money in a person’s hand suddenly shrinks dramatically, the gap can be as life-threatening as the loss of blood.

Bangkok.

Near the entrance of the Stock Exchange Building, a group of people gathered around and looked up, whispering from time to time.

Where everyone’s eyes were focused, a man in his thirties was standing numbly on the edge of the top floor of the Securities Building.

Above the roof, the wind was howling.

Maybe it will be blown down by the wind accidentally.

But instead of going down, the man moved a few steps ahead.

Anyone can see that the people on the roof are looking for short-term views.

As for the reason, people downstairs can also guess.

Jumping from the top of the securities building, in all likelihood, has something to do with the nearest securities market.

There are 345 companies listed on the Thai exchange with a total market capitalization of 9.49 trillion baht.

Its indices include: SET index, SET50 index and SET100 index.

The highest point was in January 1994.

SET index, the increase once reached 1798 points.

Back then, Thai investors were happy.

But no one expected that the stock market would suddenly fall off a cliff when it was about to rise out of the second wave after oscillating around 1700 for two years.

Just under a year.

The stock market fell to the current 330 points quickly under the slashing and slashing again.

Under this crazy slump, the total market value of Thai securities has shrunk from 9.49 trillion baht to less than 2 trillion.

Countless investors have suffered huge losses during the stock market slump.

But this is not the most unacceptable.

Amid the stock market slump, Thailand’s major property prices have also seen unacceptable declines.

House prices in Sathorn, Asoke.

down more than 60 percent.

This is desperate.

In the slump of the room, under the slump of the stock market, many people lost all their fortunes and even owed a lot of foreign debts.

Because, 60% of the trading volume of the Stock Exchange of Thailand is contributed by retail investors.

Twenty-eight percent of the participants were from local investment institutions, and the remaining 11 percent were from overseas investors.

About half of the trading volume from retail investors is contributed by professional investors.

Chachai is one of the professional investors in Thailand.

Three years ago, Chachai bought a house with a loan in the Sathorn area.

Twenty years in installments.

Then, Cha guess took out other funds to allocate securities assets.

The purpose is to make profits through the stock market, and then repay the loan that needs to be supplied every month to buy a house.

The first two years went well.

With rich trading experience, Chachai can make a lot of money in the market every year.

In addition to being able to repay the mortgage on time, there is still a lot of room left.

But half a year ago, that all changed.

Plunge, plunge again.

It’s down 10 percent today, and it could be down 15 percent tomorrow.

It fell 20 percent this week, rebounded 5 percent next week, and then continued to fall.

The day is overcast, the week is overcast, and the moon is overcast.

Countless big yin lines, like giant sticks one after another, smashed Cha Gue into a daze.

He is broke.

The stock market fell more than 600 points in the six months.

A drop of as much as 50 percent.

And in this 50% drop, Chachai lost 90%.

In desperation, Chachai re-financed the bank loan in the form of re-mortgage of the house, and also borrowed 300,000 baht from a friend to continue investing.

The stock market has fallen so much, as long as it rebounds once, it can always recover a lot of losses.

But Cha guess was disappointed.

The stock he increased at 440 points in the broader market lost another 20% in less than two days.

Despite several bailouts pledged by the Finance Ministry and the Prime Minister’s Office, instead of rising, the market continued to accelerate its decline.

Cha guess desperately found that the market had no bottom at all.

Because the central bank raised bank deposit and loan interest rates to 14% last night~www.readwn.com~ This kind of high interest rate has never been seen in history, and the blow to the securities market and real estate market is unpredictable.

But as you can imagine, this is absolutely epic and super bearish.

House prices will plummet as a result.

The stock market is bound to fall again under such a big negative.

There is no hope.

High in the winter, cold and windy.

The cold air blowing into his neck made people involuntarily get goosebumps.

But Zachary couldn’t feel any cold.

The despair in his heart made him lose any feeling.

Cha Chai glanced numbly at the crowd of onlookers downstairs.

He closed his eyes gently.

sorry.

My wife and kids.

I hope you can forgive my cowardice.

“what!”

With exclamation after exclamation, Cha Chai jumped down from the top of the securities building.

Chachai’s jumping off the building was not the end.

At 10:30 in the morning, the stock market opened.

Affected by the sharp rise in central bank interest rates, the SET index gapped down by 33 points.

down ten percent.

Opening price, 297 points.

The breath of despair is spreading.

Breaking through the price of 300 points makes all securities investors feel the hopelessness that can’t be breathed.

Jushi Asset Management Trading Department.

Robert took a cup of coffee and took a sip.

He stayed up all night.

When the Bank of Thailand announced its interest rate decision last night, he received the top order above.

Today will be the day of the ultimate showdown.

“SET50, buy level 5,000 lots.”

“STE100, buy flat 3,000 lots…”

https://

Please remember this book’s first domain name: . Miaoshuwu mobile version reading website: