Chapter 737: Sky-high selling price

The sale of 2 million futures contracts at once detonated the Japanese financial market like a depth bomb.

Two million futures contracts involve a total amount of 50 billion U.S. dollars, and the principal is as high as 5 billion U.S. dollars. This number has exceeded the transaction amount on the day when Soros' Quantum Fund attacked the Hong Kong stock market in 1997.

The outside world was in an uproar about this, especially for many investors. It was a heavy blow to the confidence. Although the Japanese government quickly accepted this sky-high price selling order, the impact was multifaceted.

. 2.78 million futures contracts were sold in one day. How much financial resources does this inexplicable consortium have? Can the government rescue the market? This is what all investors are worried about.

Although Japan has more than 600 billion U.S. dollars in foreign exchange reserves, and this time it even announced that it will use 50 billion U.S. dollars to rescue the market, no one will forget that when Soros attacked the British pound in 1992, the old British empire spent as much as 26.9 billion U.S. dollars.

Foreign exchange reserves were used to protect the market, but in the end they failed and the pound was forced to withdraw from the European exchange rate system, which was dubbed "Black Wednesday" by the British media.

What if the Japanese government is unable to protect the market in the end and gives up on everything? What if the stock market is allowed to float, regardless of whether ordinary investors live or die? - This is what all investors worry about, and it is also what Abby Cohen suddenly puts out 2 million daily volume sell orders.

reason.

In this attack on Japan, Abby Cohen used Lin Feng's credit to borrow a total of 8.8 billion U.S. dollars. Counting Lin Feng's previous cash, the total total was 9.64 billion U.S. dollars. Today, 7.2 billion U.S. dollars were spent in one day, plus the money invested yesterday

With 840 million U.S. dollars in capital, Abby Cohen spent a total of 8.04 billion U.S. dollars, and still has 1.6 billion U.S. dollars in available funds.

Logically speaking, Abby Cohen should not sell out all the chips in his hand so quickly to avoid not having sufficient funds to deal with various emergencies later. But there is reason for Abby Cohen to do so. Yesterday, the expectations of Sony and other companies

It means that the contract is a short-term order. The original intention was to make a profit and leave, so the delivery will be completed in three days. The day after tomorrow is the delivery period. Abby Cohen must drive down the stock prices of Sony and other companies to the lowest within these three days, and then cash out.

, and then use this money to continue to attack the Japanese stock market and the Japanese yen, and fight a beautiful financial war without smoke.

What's more, Abby Cohen did this to attract various speculators who have been waiting for a long time. These 2 million huge futures sell orders are a signal sent by Abby Cohen to everyone - come on, Japan's super cash machine

Waiting for you!

Japanese Finance Minister Yoshihiko Noda also broke out in a cold sweat on his forehead. He is definitely not stupid to sit in this position. The original strategy formulated by the Japanese cabinet was to make a quick decision to avoid attracting global speculators and causing the Japanese stock market to suffer another heavy hit. Only he has the ability

Such a big deal, but unexpectedly the other party prepared so much funds this time. It was possible to sell out 7.2 billion U.S. dollars in one day, which is really scary! Although Noda Yoshihiko holds 50 billion U.S. dollars in funds, if he buys too many futures, what if?

If any irreversible event occurs, the compensation will be extremely staggering.

No matter what, resolve the battle as soon as possible! - Yoshihiko Noda gritted his teeth and decided to continue placing orders, preparing to absorb another 1 million futures contracts to bring the stock index back to above 7,700 points.

But at this moment, Abby Cohen took action.

"Tokyo Electric Power" sold 1 million lots!

"Tokyo Electric Power"! - Noda Yoshihiko was stunned, and the entire Japanese financial world was stunned. No one would have thought that this mysterious speculator would suddenly switch from futures to "Tokyo Electric Power". This would be like provoking another tiger, "Tokyo Electric Power"

Its assets are as high as 160 billion U.S. dollars, and the entire market has nearly 1 billion outstanding shares. It is a standard large-cap blue chip stock in Japan. It has just announced very good results, with a record profit of 3.1 billion U.S. dollars last year.

How could he touch "Tokyo Electric Power Company" at this time? No one can understand the thinking of this mysterious seller.

"No matter what, continue to buy 1 million futures for me. I will let the stock price rise to 7,800 points before the market closes in the afternoon!" Yoshihiko Noda screamed. He absolutely did not believe that anyone could touch "Tepco."

The stock index instantly rose from 7670 to 7720.

Abby Cohen sneered and continued to short 1 million lots of "TEPCO". Currently, Lin Feng has short-sold a total of 3 million lots of "TEPCO" (total amount up to 12 billion U.S. dollars, 1.2 billion principal), Li Zekai San

People also followed suit and shorted 1 million lots of "Tokyo Electric Power".

What's going on? - Noda Yoshihiko frowned. The other party didn't care about the Nikkei Index at all, and what was their intention to pursue Tokyo Electric Power all the way?

"Buy me another 100,000 futures contracts," Noda Yoshihiko ordered.

The Nikkei Index continued to rise, approaching the 7,800-point mark. But this mysterious consortium ignored it at all. This made Noda Yoshihiko feel uneasy, always feeling that there was some conspiracy involved.

"It's time!" Abby Cohen nodded secretly. With such an obvious hint, Abby Cohen believed that many international speculators should know that they must have a decisive back-up, and it was time to take action.

really.

"Jim, it's time for us to attack!" Soros said with a smile.

"Haha, Soros, it seems that there is another good show this time. This time, we can't miss again." Jim Rogers (the other boss of Quantum Fund) laughed.

On the other side, Julian Robertson, the head of Tiger Fund, also began to mobilize funds and prepare to attack the Japanese stock market. The abnormal fluctuations in the Japanese stock market have long attracted the attention of Julian Robertson. At that time, he and Soros set off the "Asian Financial

"Storm", Tiger Fund can be said to have unlimited glory. However, like Quantum Fund, it suffered heavy losses when it attacked the Hong Kong stock market. Subsequently, several consecutive investment failures made Tiger Fund even worse than Quantum Fund and almost on the verge of bankruptcy. This time, it was also Zhu

Leanne Robertson's redemption of himself.

...

More speculators are gathering. Japan is no better than Thailand, Malaysia, or the Philippines. Japan’s wealth is second in the world and its foreign exchange reserves are the largest. In such a country, if it can make a little profit, it will be far better than Thailand, Malaysia, etc.

Country. Of course, such a powerful country with such abundant funds cannot be easily touched by others.

But now that someone has built the bridge and paved the road, they have nothing to hesitate. Now it is equivalent to a gold mine with only a few poor guards in front of them, and the guards of this gold mine may fall asleep at any time. They

If you still hesitate, you are not worthy of being called an international financial speculator.

But right now, many international speculators are still waiting for a signal. A final attack signal from the mysterious consortium to attack the Japanese stock market.

Just when Yoshihiko Noda was extremely nervous, Japanese investors were uneasy, and international speculators were looking forward to it, Abby Cohen issued a signal for a full-scale attack - news of a safety accident at the "Tepco" nuclear power plant suddenly spread on the market.

The moment this news came out, the stock price of "Tokyo Electric Power Company" instantly fell from 3,510 yen to 3,470 yen, and was still falling slowly. Such a large sell order made it impossible for "Tokyo Electric Power Company" to support its stock price, and "Tokyo Electric Power Company"

The senior officials of "Tepco" never thought that anyone would come to attack "TEPCO".

"Baga, let Tokyo Electric Power Company clarify the news immediately, otherwise it will affect the entire market trend!" Noda Yoshihiko ordered with a black face.

"Tokyo Electric Power Company" has indeed had continuous safety accidents in the past 10 years or so, and there are even rumors that it spent 100 million yen to bribe inspectors. As Japan's finance minister, Noda Yoshihiko is naturally very aware of the inside story. All of this is true. He is now

Worry a little bit, has this mysterious consortium obtained evidence? If so, then is everything before this a smoke bomb for the other party, and the main direction of the opponent's attack is "Tokyo Electric Power Company"!

Thinking of this, Noda Yoshihiko's heart skipped a beat.

Subsequently, TEPCO executives immediately came out to refute the rumors, claiming that all these were rumors and that TEPCO had absolutely no safety accidents or hidden dangers. These were all rumors spread by someone with ulterior motives.

The clarification of "TEPCO" temporarily stabilized the stock price, stopping at 3,420 yen. This gave the Japanese financial community a breath of relief, otherwise "TEPCO" would fall all the way, which would definitely affect the trend of the entire market.

"Okay, get ready to attack the Nikkei futures. I want the futures to break through 7,850 points before the market closes today!" Yoshihiko Noda ordered again.

But at this moment, a huge amount of short selling orders suddenly flooded into the market.

500,000.1 million, 1.5 million, 2 million...

In just a few minutes, 3 million Nikkei futures contracts were sold short! The total amount involved was as high as 75 billion U.S. dollars, and the principal was as high as 7.5 billion U.S. dollars. The Nikkei index also plummeted, falling from 7800 to 7680.

"What...what's going on?" Noda Yoshihiko looked at the huge amount of sales and was stunned. Does the other party still have such abundant funds? Of course, this is not what worries Noda Yoshihiko the most. A consortium again

Even if you have money, you can't compare it with a government, especially the Japanese government. What he is really worried about is that the snipers this time are from international speculators. If it really attracts attacks from so many financial giants, then the Japanese stock market will be in trouble.

It's dangerous. And there's "Tokyo Electric Power"...

"Noda-kun, what should we do? We cannot let the other side suppress us now, otherwise our previous efforts will be in vain!" reminded the official who was also responsible for supervision.

"Take it, pick it up for me! In short, today I want the index to rise to 7850 points!" Noda Yoshihiko also knows the key at this moment. He must not be soft at this time. The US$50 billion in funds is enough for him to resist the opponent.

attack.

Under the full protection of Noda Yoshihiko, the Nikkei Index stabilized again and slowly rose to 7750 points. But what Noda Yoshihiko is worried about is whether it will really be that simple for "Tokyo Electric Power"!

Sure enough! Noda Yoshihiko's panic became a reality, and a piece of evidence about the accident at the "TEPCO" nuclear power plant reached the hands of major media - "TEPCO" had a serious nuclear leak in March!
Chapter completed!