Chapter 1440

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Nanchao Nation, local time, February 60, 4 AM sharp, the opening time of the stock market.

The moment the stock market opened, the KOSPI 755 index fell from 6655 points to 6565 points. It was only 65 points away from 6555 points!

Seoul, President's Palace.

President Park of South Korea was listening to a report from a financial expert.

"President, we can't hold on to our stock market. We are under attack from both inside and outside. The government has around 655 billion to 675 billion USD of funds to short our stock market. At present, more than 955 billion US dollars of foreign hot money has entered the market, and the number of foreign hot money is increasing rapidly! "A middle-aged man wearing gold-rimmed glasses reported to President Park.

President Park nodded slightly, then looked at another plainly dressed old man and asked, "Professor Kim, what do you think?"

The white-haired Professor Kim frowned and said, "President Park, I agree with Professor Yoon. We can't hold on to our stock market. "

Professor Yoon, who was wearing gold-rimmed glasses, showed a smug look. "According to my estimation, the foreign hot money that will enter our stock market will exceed 6 trillion USD. Even if there is a gap, it won't be by much. How can we hold on to our stock market? "

President Park frowned deeply.

Professor Kim's eyes flashed with a trace of helplessness. He said, "President Park, although we can't hold on to the stock market, we still have to snipe those international hot money. We have to show the courage to cut off all means of retreat. Only then can we survive this difficult situation."

Before President Park could answer, Professor Yoon, who was younger than Professor Kim, shouted, "Professor Kim, do you know how much money we have to lose if we want to snipe the foreign hot money? Do you know that our foreign reserves are only 743 billion USD? Do you know that our national bank reserves are needed to stabilize the domestic situation? "

Professor Kim was repeatedly questioned, but he didn't answer Professor Yoon's question. Instead, he looked at President Park and waited for his answer.

President Park thought for a moment, then asked, "Professor Yoon, if we choose to snipe the international hot money, how much money do we have to invest and how much money do we have to lose?"

The middle-aged Professor Yoon glanced at Professor Kim with a smug look in his eyes. This was because Professor Jin had always been the person in charge of finance. But today, Professor Wen saw a glimmer of hope. A glimmer of hope that could bring Professor Jin down from his throne.

Professor Yoon thought for a while before saying, "President Park, according to my calculations, we need to invest close to 055 billion USD and lose about 60 to 755 billion USD to resist the attack of the overseas hot money."

Whether it was 605 billion USD or 755 billion USD, it was not a small sum. Even for Xia, it was not a small sum.

President Park frowned. Losing $60 billion to $755 billion in the stock market was a huge responsibility that was impossible to bear. Otherwise, President Park could only wait to be impeached, and even the entire cabinet would have to resign.

"Professor Jin, why are we attacking those international hot money?" President Park asked Professor Kim. After all, Professor Kim was the chief consultant on financial issues. President Park hoped that Professor Kim had a good reason.

However, Professor Jin shook his head slightly. "Mr. President, I'm only stating my own opinion. Our country's economic situation is very bad. Not only is the stock market in danger, but even the exchange rate between our Korean won and USD is also very dangerous. If we don't fight to the death and show the mentality of fighting to the death with the international hot money, they will not be satisfied with just the profits from the stock market. The profits from the stock market are still a little small compared to the exchange rate market. "

President Park was shocked. He asked nervously, "Professor Jin, is what you said true?"

If the stock market collapsed, South Korea could still accept it. After all, no matter how much the stock market collapsed, it would not affect the ordinary people too much. But the exchange rate market was different. If there was a problem with the exchange rate market, the currency would depreciate, and the corresponding price would increase.

For example, if the currency depreciated by 05%, an item that cost 655 RMB would cost 755 RMB. In a short period of time, the currency in the hands of the people would not increase exponentially. That would have a serious impact on the people's lives, and it might even cause unrest.

Professor Jin nodded seriously. "Of course it's true. Just think about the financial crisis in 6442! At that time, no one believed that they would dare to attack the exchange rate system of the country. But didn't they attack? Moreover, it has achieved very good results! "

"What a joke!" Professor Wen sneered. "Professor Jin, it's 7553 now. It's been ten years since that financial crisis. Our financial system is more perfect, and our national bank has more funds. We have a closer relationship with Lijian Province. How would they dare to attack our exchange rate system? "

"Why wouldn't they dare?" Professor Jin asked back.

Professor Wen was like an enraged lion. He shouted, "They wouldn't dare! Because this is South Korea! We are a developed country. We have a good credit rating from the International Monetary Fund. We have the support of the World Bank. We also have the support of Lijian Province. We have all the conditions to win. How would they dare? "

"Shallow!" Professor Jin did not say much. He only sneered. "If it's not yours, it's not yours. You try to get help from others, but why would others help you at a critical moment? That's all I have to say! " Professor Jin liked Xia Xia's culture very much. He could always casually mention some of Xia Xia's idioms.

President Park rubbed his temples and looked at Professor Jin. He asked, "Professor Jin, if we save the stock market, we will lose 605 to 755 billion USD, right?"

Professor Jin nodded.

"If we don't save the stock market and invest this sum of money into the exchange rate system, how much will we lose if the international hot money tries to attack our exchange rate system?" President Park meant that he did not want to save the stock market, but he wanted to guard against the exchange rate system.

Professor Jin was slightly stunned. He smiled bitterly and stood up. "President, I can't answer this question. It's the young people's world now. I will submit my resignation letter to the HR department today. In the end, I will still be the chief financial consultant. I will stick to my opinion. We would rather lose 605 to 755 billion USD to show our determination to destroy everything. We will make the international hot money not dare to fight us head-on. They will take the initiative to withdraw from South Korea's financial market! "

After he finished speaking, Professor Jin turned and walked out of the meeting room without looking back. This old man, who had dedicated his life to the country, was not recognized by the country at this moment when the country's future was at stake. He felt as if a knife was being twisted in his heart. This situation reminded him of Yue Fei in the ancient times of Xia Xia.

'Maybe it's not a bad idea to travel to Xia Xia.' Professor Jin thought of going to Xia.

In the meeting room, Professor Wen's eyes, which were hidden behind his gold-rimmed glasses, were cold. 'Old man, you are finally out. From now on, I, Wen Changming, will be the chief financial consultant!'

After Professor Jin left, the atmosphere in the meeting room became quiet.

After waiting for about two minutes, President Park asked, "What do you think about our country's stock market? Should we adopt Professor Jin's plan or Professor Wen's? "

The rest of the financial experts and policy experts looked at each other. Then, they all looked at Professor Wen. After Professor Jin left, Professor Wen, as the second financial advisor, would naturally be promoted to the chief financial advisor. Although some people thought that Professor Jin's plan was better, under the current circumstances, they could only make a choice against their will.

The government's think tank made the final decision to abandon the entire stock market. South Korea's stock market became even more miserable.

Mu Shuang looked at South Korea's stock market. When Sanshuang Electronics' shares fell by 15%, Mu Shuang decided to liquidate them.

Although the stock price of Sanshuang Electronics might fall a little, there wasn't much room for it. After all, Sanshuang Electronics was a high-tech entity company, not a high-tech concept company.

Even if the stock price of Sanshuang Electronics kept falling, there was still a bottom line because Sanshuang Electronics was indeed that valuable. Their fixed value, their brand value, and their technical value all had a bottom line. Once the bottom line was reached, it would be difficult for the stock price to continue falling no matter what financial means were used.

Mu Shuang cleared all the short contracts in Sanshuang Electronics and earned a total profit of 15%. This was already a very ideal situation. 4 billion USD. 0.9 billion USD in two days. Is there a better business?

Even if he robbed banks every day and robbed five million USD each time, it would still take him three years and five months to raise 0.9 billion USD. That's why robbing a bank is not a good idea.

If Feng Yu really wants to make a fortune, the easiest way is to kidnap someone from Wall Street and demand a ransom. This is safer than robbing a bank.

After Mu Shuang cleared Sanshuang Electronics' short contracts, she immediately instructed Izur to spread some news internationally. She said a certain fund is targeting South Korea's exchange rate market, and a certain investor knows South Korea's exchange rate market is in trouble.

With this kind of gossip spreading, the situation in the Southern Dynasty Kingdom became very bad. South Korea's former Chief Financial Consultant, Professor Jin, had predicted that the international hot money is not satisfied with the stock market. Instead, they are targeting South Korea's exchange rate market!

Compared to the stock market, the exchange rate market is more profitable and faster!

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