"Uncle Fu, how many people have agreed to let you invest?" Feng Yu laughed and asked.
"A lot. I didn't expect them to be crazier than I expected." Fu Rongqi shook his head. These people are really daring to invest.
It was fine to invest, as it was normal to pour all their money into a certain industry. However, they were not stable enough and were blinded by the possible benefits.
The profits are only possible and not a certainty. It's a joke that more than one person is investing in such an irrational way!
The combined funds of those tycoons is more than 10 billion USD. But this is also an opportunity for Feng Yu and his men. Everyone's funds will be pooled, and those tycoons will only give them 10% of the profits. According to the contract, Fu Rongqi will get the extra profits!
Fu Rongqi and Feng Yu also signed a contract. This time, both of them will work together, and the profits will be split according to the ratio. Superman Li had also joined in and invested a few billion USD for Fu Rongqi's fund to manage.
"Let's get ready to suppress Korean Won tomorrow."
Those Hong Kong tycoons had shorted Korean Won, and these contracts belong to Fu Rongqi's fund company. The profits will be theirs. It's in their best interest for Korean Won to depreciate.
Also, Soros must be behind the sudden appreciation of Korean Won. Soros must have bought more Korean Won contracts, and he will suffer more losses when Korean Won depreciates.
Also, Feng Yu likes to attack Korean Won. South Korea's economy is affected, and those South Korean companies' development will also slow down.
… …
"Boss, we guessed it right. Those Hong Kong tycoons are being held back. All of them are shorting Korean Won, and very few of them are hedging." Drucken Miller said excitedly.
"Hmph, those short-sighted people, in order to maximize their profits, they don't even consider whether they have the ability to save themselves. How is it? Did anyone come to help? "Soros asked proudly.
"We had observed Feng, Fu, and the rest's funds. They must be preparing to suppress Korean Won. What about us? Should we continue to pull up the Korean Won, or should we quickly cancel these contracts and short them at the same time? "Drucken Miller asked.
"Of course, let them invest more first. We also need to set up short-selling contracts as a hedge. If they suppress Korean Won, we can earn more."
Soros swirled the wine glass in his hand. The previous two times when everyone was shorting the currency, he was the main one suppressing it, and Feng Yu took advantage of it. This time, he wanted Feng Yu to be the main force while he followed along to earn money. In fact, if he suddenly retreated, he would be able to trap Feng Yu's funds here and let Feng Yu go against Korea!
Until now, he still did not know how much money Feng Yu had. Also, he only has a rough idea of the funds of those Hong Kong tycoons.
However, he had already used all of his trump cards and had no more funds to invest. But Soros still has his reputation. For example, he had not pulled up Korean Won alone. He had contacted some international speculators and asked them to work with him.
This time, Soros will pretend to pull up Korean Won and let Feng Yu and his men invest more. After that, he will build up his portfolio at a higher price and get more profits than Feng Yu and his men!
Maybe he can cancel the contracts earlier and pull up Korean Won again. This way, Feng Yu and his men will suffer a lot!
… …
"Mr. Park, our Korean Won had started to fall again. Someone is dumping Korean Won at a low price!" A staff member ran into the room to report.
"What's going on? Didn't you say Soros and his men had left?" Park Yooshin was shocked. He was still thinking of how to stabilize Korean Won's rate, and why did it fluctuate so violently?
"We are also not sure. We had been watching Soros, and there must be outsiders or Soros and his men using some unknown accounts."
"Did Soros and his men cancel their contracts?"
"No. Their contracts to buy Korean Won is still there."
Park Yooshin was relieved. That's great. This way, Soros will have no choice but to pull up Korean Won, or he will suffer losses.
Park Yooshin had never thought about how he will deal with Soros if he is also selling Korean Won short.
In the next few days, Park Yooshin felt like he was on a roller coaster. He saw Korean Won fluctuating violently. One day, it will rise, and the next day, it will fall. The South Korean government can no longer control this rate.
Now, Park Yooshin understood that there are two groups of investors using Korean Won as a weapon to fight.
Park Yooshin almost cried. You international speculators can do anything else, but why must you all play Forex? Even if you all want to play Forex, you all can go to other countries. Why must you all target Korean Won?
Do you all know how difficult it is for us? We had asked our citizens to donate gold to stabilize the exchange rate. Now, our artists are running out of gold accessories.
What are you all trying to do? Can't you all just give us a quick answer?
This is the first time Pu Youxin has encountered such an exciting situation. Even in Thailand, this has never happened. This is Korean Won. Why is it like a basketball in your hands? Why are you fighting for it?
… …
"Nephew Feng, how is it? Have you found out Soros's background?" Fu Rongqi frowned and asked.
These few days, Fu Rongqi and Feng Yu had invested a lot in Soros. Soros is not easy to deal with. He always manages to build up his portfolio at the right time and make some profits.
In the end, the other Hong Kong tycoons had settled their contracts. They did not make any losses, but they also did not make any profits. They had used so much money, but they can only break even. How can they be satisfied?
"Soon. I think if this is the case, Soros will have to compete with us in terms of funds!" Feng Yu looked at Fu Rongqi. "We will use the public's opinion to say that Soros will cause Korean Won to crash, and we will put everything on the line. Also, we must say that we are the team that defeated Soros!"
Soros doesn't want to compete with Feng Yu. Then Feng Yu will force Soros to compete with him. The reason why Soros can control so many funds is because of his reputation as the number one hedge fund manager.
If Soros does not accept the challenge, then he will fall from grace, and it will be a huge blow to Soros's Quantum Fund.
Without those investors following the trend and without their trust in Soros, Quantum Fund will become mediocre. It will no longer be as amazing as before!
The next day, the media reported that many Hong Kong businessmen had come to help South Korea to maintain South Korea's exchange rate. If Soros wants to suppress Korean Won, he must get past them first!
Pushing up Korean Won will lower their profits, but there are many benefits. For example, they can gain the upper hand in public opinion, gain the support of the South Korean government, and make Soros lose more support.
Soros was furious when he saw the news. Wow, you're taking the initiative to challenge me. Do you really think that I, Soros, am a pushover?
I will let you all know that going against me is the biggest mistake of your life!
… …
Park Yooshin cried this time. F * * k! Are you all going to war? Why is the battlefield here? Why?!
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
