Chapter 192: Sniping Sakura Coin

The sixth day.

That is to say, the first day that the major financial groups successively withdrew and the Sakura Country stock market began to fall.

Some people were surprised to discover that large amounts of Sakura Coin were being sold off continuously on the international foreign exchange market.

The daily trading volume of Sakura Coin was nearly one trillion more than usual, equivalent to 50 billion Long Coin.

Given the massive reserves of Sakura Coin in the international market, this increase of one trillion, while large, would at most cause minor exchange rate fluctuations and would not lead to a sharp drop in Sakura Coin.

The key is that this one trillion, it happens every day.

After three consecutive days of sell-offs, Sakura Coin finally began to depreciate significantly.

At this point, even the most obtuse person could see that someone was shorting Sakura Coin.

The key is, who could possibly afford such a massive move of one trillion Sakura Coin every day? And who would do such a thing?

Sakura Country thought of Su Xin immediately.

The other major financial groups felt the same way.

Thus, after investigations by various parties, the mastermind behind the sniping of Sakura Coin was quickly identified.

It was indeed Tianqi Group.

This caused many financial groups to gasp in shock.

While Tianqi Group was single-handedly confronting multiple international financial groups in the Sakura Country stock market, they actually still had the energy to stir up such a huge storm in the international foreign exchange market?

How terrifying is the financial power of Tianqi Group!

In these few days, the assets sold off in the stock market alone were worth 80 billion, and the foreign exchange market was also seeing 50 billion Long Coin released daily; these two items combined amounted to over 200 billion Long Coin in capital.

The most critical point is that these two offensives by Tianqi Group were clearly not over yet.

Previously, many people only knew that Tianqi Group had high revenue and terrifyingly high profits, but they never had a concrete concept of it.

Because Tianqi Group is wholly owned by Su Xin alone, they do not need to disclose any operating data; outsiders have no idea how much money they make, let alone how much liquid capital they have.

Now, the major capital groups and various countries have finally seen the terror of Tianqi Group.

Or perhaps this is just the tip of the iceberg.

At this moment, even those wolf-like financial groups did not dare to rashly intervene in the financial war between Tianqi Group and Sakura Country.

On one side is a developed country with the third-largest GDP in the world, and on the other is Tianqi Group, with its unfathomable financial strength.

Before either side shows a clear advantage, anyone else who gets involved is likely to be left with nothing.

"So, let's wait and see for now, and watch if Sakura Country can withstand Tianqi Group's offensive."

"When we see who has the advantage, we will strike together to defeat the other side and grab some meat from it."

The major financial groups reached this decision tacitly.

Meanwhile, Sakura Country was completely stunned by the series of offensives from Tianqi Group.

Over the past few days, they had mobilized a large amount of funds to support their domestic automotive industry, spending a great price to stabilize the stock prices of the automotive industry, and combined with various measures, they had barely managed to restore the confidence of their citizens in domestic car companies.

But the result.

They had barely managed to resist the crisis in the automotive industry, but those international financial groups had actually abandoned resistance directly, and even turned around to sell off Sakura Country assets along with Tianqi Group, causing the Sakura Country stock market to plummet repeatedly.

Furthermore, before they could even react, another major killing blow suddenly appeared in the foreign exchange market?

Faced with so much Sakura Coin flooding the market, Sakura Country had only two choices.

Either take over all of it to protect the exchange rate of Sakura Coin, and perhaps even cause Tianqi Group's short-selling to fail and fall into huge losses.

Or abandon resistance and let the Sakura Coin exchange rate plummet, which, combined with the stock market crash, would plunge Sakura Country into an economic crisis.

The latter was, of course, impossible.

And the former.

Take over all of it? Who the hell knows how much Sakura Coin Tianqi Group has on hand!

If they kept taking it and discovered that they still couldn't withstand Tianqi Group's offensive, then the Sakura Coin they had taken over would cause even greater losses to their country.

After all, once the attempt to take over fails, Sakura Coin will definitely depreciate significantly, and the Sakura Coin taken over during this period will naturally lose much of its value, which would be an extra loss for Sakura Country.

However, not taking it over is not an option either.

Sakura Coin is the local currency of Sakura Country; once it depreciates significantly, it will lead to a series of evil consequences such as rising prices, inflation, capital flight, and financial turmoil, which in turn will trigger a nationwide economic crisis.

Currency exchange rates, to a certain extent, have a more profound impact on a country than the stock market.

It is closely related to the interests of the entire population.

"Save it! We must save the market!"

Someone in Sakura Country said this at a meeting.

"Make protecting the exchange rate the top priority; even if we have to sell off other assets, even if we have to give up saving the stock prices of car companies, we must stabilize the exchange rate!"

"Mobilize all possible funds; I don't believe that a mere Tianqi Group can truly contend with the entire strength of our Sakura Country!"

The large amount of Sakura Coin sold off in the foreign exchange market was mainly targeting Long Coin and Eagle Dollar.

If Sakura Country wants to take over this Sakura Coin, they must take out the corresponding amount of Long Coin or Eagle Dollar to buy it at the current exchange rate.

Sakura Country's total foreign exchange reserves are as high as 1.3 trillion Eagle Dollar, which converts to 10 trillion Long Coin, or 200 trillion Sakura Coin, making it one of the largest foreign exchange reserves in the world.

However, this includes various currencies, gold, bonds, and other financial assets.

Plus, a large portion must be reserved for international trade payments.

And they must also guard against various other financial risks.

The funds they can mobilize through various means to take over the foreign exchange market amount to at most just over 100 billion Long Coin when converted.

And Tianqi Group has already brought out 150 billion in funds in these three days alone.

Moreover, if Sakura Country really takes out that much of its foreign exchange reserves, it will lead to a significant decrease in their national foreign exchange reserves and unhealthy asset allocation, which will trigger a series of serious consequences.

The financial butterfly effect is no joke.

At this moment of extreme crisis, Sakura Country had no choice but to seek help from their good big brother.

At this moment in Yingjiang Country.

A group of people gathered together to discuss the plea for help from their little brother, Sakura Country.

"Tianqi Group is so rampant, attempting to single-handedly snipe the currency system of a nation; if he succeeds this time, in the future, he will not take any country seriously."

"We must suppress him."

"It just so happens that we have also been waiting for an opportunity to deal with Tianqi Group, and now he has delivered himself to our doorstep."

"For him to be able to use so much money to short Sakura Coin, he must have utilized very high leverage; once the short-selling fails, it is possible he could suffer severe losses and be forced to sell off the group's assets."

"Previously, when Tianqi Group did not go public, we had no way to deal with them, but now that they have voluntarily entered the financial market, I would like to see what qualifications they have to be so arrogant."

"Finance is our specialty, after all."

"When the time comes, we will defeat Tianqi Group, break it apart, and just happen to acquire several of his subsidiaries, completely partitioning Tianqi Group."