Feng Yu rushed to the office and saw everyone was busy. When they saw Feng Yu, they stood up and waited for Feng Yu's orders.
"We will not be doing anything today. Old He, I had told you to cancel all the contracts if anything goes wrong. Have you completed it?"
"Yes, but the profits are only 8%." He Zhaoji was embarrassed. There were too many orders, and although it was a computer transaction, there was a time difference. If not, the highest profits should be 20%.
"Ok. Don't mind it." Soros had acted suddenly, and 8% profits were considered good. Many people had lost money, hadn't they?
"Boss, are we going to watch the market today?" Someone asked.
"That's right. We will watch the market today. All of you must analyze when did Soros suddenly cancel his contracts and start to buy Korean Won. Also, analyze those Hong Kong tycoons and analyze their mistakes. After that, we will discuss with each other today. "
Soros pulling up Korean Won might be a trap, and Feng Yu will not rush into it. Anyway, he did not suffer any losses, and his close friends, the Fu Family, had reminded him. He believes they should be prepared.
Feng Yu and the Fu Family were hedging their investments, and no matter if Korean Won rises or falls, they will not suffer any losses. Of course, they will not make a lot of profits either. If not, Feng Yu's profits will not be so low from yesterday's Korean Won plunge.
But this is the real investment, and those who only bet on Korean Won's rise or fall are speculations. They might make a few times or even more than ten times the profits, but they might also lose all their money!
Those Hong Kong tycoons who were shorting Korean Won are like this. They are not only shorting Korean Won, but they are also using high leverage.
They did not expect Korean Won to rise suddenly.
Also, the leverage is too high, and they might be in danger of losing their positions. They must immediately add in margin to lower the leverage.
This is different from what they had expected. Didn't they say that investing with Soros will make money? Soros had attacked other countries' currencies, and other than Hong Kong, all of them had succeeded.
… …
"Old Liu, how are you doing? Can you lend me 10 million? I am having some cash flow problems. Ah, you're also trapped now? "
"Old Zhao, my money is tied up. Can you lend me some to help me out? You only have 1 million, and it's still HKD. Forget it then. "
"Old Ma, what? You want to borrow money from me? I'm also calling someone to borrow money. If I don't have money soon, my futures contracts will be wiped out. You also bought the Korean won? "
Hong Kong tycoon Niu Deming was walking back and forth in his office. This time, he had invested 100 million USD and 15 times leverage to short Korean Won. In the beginning, he was overjoyed to see the Korean won falling. If it falls by 10%, his 100 million USD profit will be 150 million USD!
Yesterday, Korean Won fell by 3%, and many people are saying that Korean Won can't hold on any longer and will drop more today. Kirilenko also thinks so. He heard that Soros had raised a large sum of funds, and Korean Won will surely collapse!
Even Taiwan is not a match for Soros, how can South Korea be a match for him? South Korea does not have much foreign reserves. It's not even as much as Hong Kong.
Furthermore, with the participation of these people, there will be more funds to suppress Korean Won, and Korean Won should collapse soon!
But today, Korean Won suddenly appreciated. Not only did it recover from yesterday's drop, but it even increased by 2%.
The most pitiful thing is that these people had placed too much faith in Soros, and they were gambling too much. In the end, all of them ran into financial difficulties.
If one or two of them ran into financial difficulties, it's not difficult for them to find someone to help them.
But when most of them ran into financial difficulties, who is going to help them?
At this moment, all of them thought of Fu Rongqi and the rest. When Fu Rongqi asked them to invest, they felt Fu Rongqi was too conservative. But now, it turns out that being conservative will lower the returns, but it will also lower the risks.
If they can go back in time, they will listen to Fu Rongqi's advice. At least, they will not suffer such losses!
Niu Deming hesitated for a while and finally called Fu Rongqi.
"Manager Niu, why are you calling me?" Fu Rongqi knew about Korean Won's appreciation and knew Niu Deming was borrowing money from others.
Fu Rongqi knew why Niu Deming called him. Niu Deming wants to borrow money, and he purposely asked.
"Mr. Fu, I have met with some trouble and need to borrow some money from you." Niu Deming said.
When everyone disagreed with Fu Rongqi's investment strategy, he was not the first to object, but he was one of the first to object.
"Lend me money? No problem. We are all friends, and if you are in trouble, I will surely help you." Fu Rongqi laughed.
Niu Deming was overjoyed. He did not expect Fu Rongqi to be so easy-going. If he knew this would happen, he would have called him earlier.
"Thank you, Mr. Fu. How much interest do you need, and when can you lend me the money?"
"How much money do you need?"
"Can I borrow 50 million USD?"
"It's only 50 million USD. As for interest and whatnot, you can pay as you see fit. I just want to know how are you going to use this money? "
How? Of course, it will be used to increase the margin and reduce the leverage. What else can he do?
"Mr. Fu, what do you mean?" Niu Deming asked.
"Why don't you let me handle your own funds, and I will help you manage it? I don't dare to say how much you will earn, but at least you will not suffer any losses. "
Niu Deming finally understood why Fu Rongqi agreed so readily. Fu Rongqi still wants to control their funds.
But this was also a solution, and Fu Rongqi does not need to borrow money. From Fu Rongqi's words, Fu Rongqi will bear all the risks.
After this incident, Niu Deming knew that he was still far from Fu Rongqi, a top financial magnate.
"Mr. Fu, did the others also let you manage their funds?"
"What do you think?" Fu Rongqi did not answer Feng Yu's question directly.
That's right. Many people had run out of funds, but Fu Rongqi still had some. If Fu Rongqi was willing to help, they might be able to suppress the Korean Won rate. If they were lucky, they might even make money.
"Mr. Fu, I will go to your company later. I have decided to let you manage my funds."
When Niu Deming arrived at Fu Rongqi's company, he saw many familiar faces. They were all Hong Kong tycoons, and they were the same as Feng Yu. They had borrowed money from Fu Rongqi, but in the end, they chose to let Fu Rongqi manage their funds.
Everyone looked at each other and smiled awkwardly. If they knew this would happen, they would not have done this.
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