Chapter 838

With the Finance Minister announcing the decoupling of the Thai baht,

Thailand's financial market had a level 10 earthquake directly.

In the Bangkok foreign exchange market, the exchange rate of the Thai baht to the US dollar was like a kite with a broken string, falling wildly all the way, falling to 34.6:1 at its lowest in just a few hours, and the depreciation rate instantly exceeded 30%.

The market was full of misery.

The chaos in the foreign exchange market was like dominoes, quickly triggering a chain reaction in other financial fields.

Thailand's stock market index fell straight down like a free fall, a large number of stocks were sold off in panic, and many retail investors watched their wealth vanish in an instant.

The stock prices of those listed companies that originally had decent performance plummeted, and market confidence completely collapsed.

The financial derivatives market fell into disorderly chaos, the value of various products plummeted, the balance sheets of related financial institutions deteriorated sharply, and many small financial companies went bankrupt instantly.

The news spread across the world like lightning.

Major economic media around the world reported this event with front-page headlines.

The New York Times published an article in a prominent position, with the headline: "Thailand's financial change, Southeast Asia's economic collapse..."

The Financial Times pointed out sharply: "Thai baht decoupling, the fuse of the Southeast Asian economic crisis has been lit."

In the 80s and 90s,

A large part of the world's hot money went to Southeast Asia, which was undergoing free economic reform, stimulating the rapid development of the Southeast Asian economy and the emergence of the Four Asian Tigers and Four Asian Cubs.

And now, the "retribution" has come.

The economies of Southeast Asian countries are about to collapse.

Investors around the world who have invested heavily in Southeast Asia panicked one after another, and a large amount of capital withdrew from the Southeast Asian region and flocked to safer havens.

The Philippine peso was under great pressure in the foreign exchange market. The Philippine Central Bank held an emergency meeting to discuss response strategies, but it was difficult to resist the spread of market panic, and the peso exchange rate began to fall sharply.

The Malaysian ringgit was also attacked by international speculators. The Malaysian government had to intervene in the market urgently, investing a large amount of foreign exchange reserves to stabilize the ringgit exchange rate, but the effect was minimal.

The Indonesian rupiah was not spared either, the exchange rate continued to fall, Indonesia's domestic financial market fell into chaos, people rushed to buy daily necessities, and inflation expectations rose sharply.

And on the Thai side, the turmoil was the greatest, and the Thai baht exchange rate fell by 50% in a few days like a wild horse out of control.

At this point, the Asian financial crisis broke out comprehensively!

Hong Kong.

Causeway Bay.

Director Director Director Guan Zu Zu held his daughter and looked at the drizzle outside the window.

"Why is there so much rain this month?"

Director Director Director Guan Zu Zu was speechless.

It was just 7 o'clock, the morning news segment, and the host's serious voice instantly filled the room:

"Yesterday, the Hang Seng Index rose again, reaching 16021 points..."

"Currently, in the situation where stock markets in Singapore, Thailand, Malaysia, and Indonesia have collapsed, Hong Kong continues to rise, which shows that after the return, Hong Kong citizens are full of confidence in the future..."

Director Director Director Guan Zu Zu watched the news,

The stock market rose.

No need to think, it must be Soros acting.

They need to continue to raise Hong Kong's stock prices.

Then profit through smashing the market (selling stocks at high prices to profit + short selling profit + other derivative product profits).

By the way, Hong Kong's stock market can be shorted.

After playing a few more news items,

"... Next, pay attention to the weather warning. The Hong Kong Observatory has just released news that a tropical cyclone 'Ceti' has formed in the Northwest Pacific, currently moving northwest at a speed of 15 kilometers per hour, and the maximum wind force near the center has reached level 12."

"According to the path forecast, 'Ceti' will approach Hong Kong around July 10th, which may trigger a No. 9 typhoon signal..."

Director Director Director Guan Zu Zu frowned, held his daughter, walked to the sofa, and sat down.

On the TV screen, the typhoon "Ceti" in the satellite cloud image was like a rotating gray-white cotton candy, and the spiral cloud belt at the edge had begun to appear ferocious.

"No. 9 typhoon signal?"

"The rain hasn't stopped yet, and another typhoon is coming..."

In the news, meteorological experts were analyzing the typhoon path:

"The intensity of this No. 9 typhoon signal is relatively large, and the accompanying strong winds may last for more than 12 hours, and it is expected to bring a lot of rainfall, and the cumulative rainfall within 24 hours may exceed 300 mm..."

The screen cut out the satellite cloud image, and the weather host circled the typhoon core area with a red pen:

"Due to the heavy rain, low-lying areas are very likely to experience severe flooding. The Observatory specially reminds citizens: vehicles must be transferred to parking lots on higher ground in advance, and avoid parking in underground garages, seaside roads, and streets with poor drainage..."

"Check the sealing of doors and windows at home, reserve enough drinking water and emergency lighting equipment, clean up balcony debris and rooftop drains, and make preparations for waterproofing and disaster prevention..."

"The Home Affairs Department has opened multiple temporary shelters. Citizens living in shacks or dangerous old buildings can pay attention to relevant addresses and evacuate in time if necessary..."

Director Director Director Guan Zu Zu looked outside,

The clouds in the sky, although not "dark clouds pressing on the city, the city is about to be destroyed", can be considered gloomy.

"Clatter~~~"

The rain kept falling...

And at this time, New York, USA, thousands of miles away.