Chapter 190 Sniping Sakura Coins
Day six.
It was also the first day when the major consortiums closed their hands one after another, and the stock market of Sakura Country began to fall.
Some people were surprised to find that there was a continuous large amount of cherry blossom coins sold in the international foreign exchange market.
The daily trading volume of Sakura coins is nearly trillion more than usual, which is equivalent to 50 billion dragon coins.
With the huge reserves of Sakura Coin in the international market, although the increase of one trillion is large, it will only cause a small exchange rate fluctuation at most, and will not cause a sharp drop in Sakura Coin.
The key is that this trillion comes every day.
After selling for three consecutive days, Sakura Coin finally began to depreciate significantly.
At this time, even the dullest person can see that someone is shorting Sakura Coin.
The key is that one trillion cherry blossom coins are generous every day, and who can get them out? Who would do such a thing?
Sakura Country thought of Su Xin immediately.
Other major financial groups also feel the same way.
Therefore, after investigation by all parties, the mastermind behind the Sakura Coin attack was quickly discovered.
As expected, it was Tianqi Group.
This made many financial groups take a breath of cold air.
While the Apocalypse Group is fighting against many international consortiums on its own in the Sakura Country stock market, it still has the energy to cause such a big disturbance in the international foreign exchange market?
How terrifying is Tianqi Group’s financial resources!
In the past few days, assets worth 80 billion have been sold off in the stock market alone, and the foreign exchange market has released 50 billion dragon coins every day. These two items add up to more than 200 billion dragon coins.
The most critical thing is that these two offensives of Tianqi Group are obviously not over yet.
Before, many people only knew that Tianqi Group's revenue was quite high and its profits were terrifyingly high, but they never had a concrete idea.
Because Tianqi Group is wholly owned by Su Xin, there is no need to disclose any operating data. No outsider knows how much money they make, let alone how much liquidity they have.
Now, major capital consortiums and various countries have finally seen the terror of Tianqi Group.
Or this is just the tip of the iceberg.
At this time, even those wolf-like consortiums no longer dare to rashly intervene in the financial war between Apocalypse Group and Sakura Country.
On one side is a developed country with the third-largest GDP in the world, and on the other side is Tianqi Group, whose financial strength is unfathomable.
Before both parties show their strengths and weaknesses, anyone else who is involved is likely to be wiped out.
"So, let's wait and see first to see if Sakura Country can withstand the Apocalypse Group's offensive."
"We will see who has the advantage then, and we will defeat each other together and grab some meat from them."
The major financial groups made this decision tacitly.
At this time, Sakura Country was directly stunned by a series of offensives by the Apocalypse Group.
In the past few days, they have mobilized a large amount of funds to support the country's automobile industry, and spent a lot of money to stabilize the stock price of the automobile industry. Together with various measures, they have barely restored the confidence of the Chinese people in local automobile companies.
Can bear fruit.
He barely managed to withstand the crisis in the automobile industry, but those international consortiums gave up resistance and even sold Sakura Country's assets together with the Apocalypse Group, causing Sakura Country's stock market to plummet.
Moreover, before they could react, the foreign exchange market suddenly made such a big move?
Faced with so many Sakura coins emerging on the market, Sakura Country has only two choices.
Only by taking over all the orders can the exchange rate of Sakura Coin be kept, and it can even make Tianqi Group fail to sell short and fall into huge losses.
Either give up resistance and let the exchange rate of Sakura coins plummet, coupled with the stock market plummet, Sakura country has fallen into an economic crisis.
The latter is of course impossible.
And the former.
Take it all? Who the hell knows how many Sakura Coins Tianqi Group has on hand!
If it continues and finds that it is still unable to withstand the offensive of the Apocalypse Group, then these cherry blossom coins will cause additional and more significant losses to the country.
After all, once the takeover fails, the Sakura coins will definitely depreciate significantly, so the value of the Sakura coins taken over during this period will naturally be greatly reduced, which will be an additional loss to Sakura Country.
However, it’s no good if you don’t accept the offer.
Sakura Coin is the local currency of Sakura Country. Once it depreciates significantly, it will lead to a series of negative consequences such as rising prices, inflation, capital outflows, financial instability, etc., and then trigger a nationwide economic crisis.
Currency exchange rates, to some extent, have a more profound impact on a country than the stock market.
It is closely related to the interests of all people.
"Save! The market must be saved!"
Someone from Sakura Country said this at the meeting.
"Take maintaining the exchange rate as the top priority. Even if you sell other assets, even if you give up saving the stock prices of auto companies, you must stabilize the exchange rate!"
"To mobilize all the funds as much as possible, I don't believe that a mere Apocalypse Group can really compete with the strength of our Cherry Blossom Country!"
A large number of Sakura coins are sold in the foreign exchange market, and the target currencies are mainly dragon coins and eagle dollars.
If the Cherry Blossom Country wants to take over these Cherry Blossom Coins, it has to take out the corresponding amount of Dragon Coins or Eagle Dollars to buy them according to the current exchange rate.
The foreign exchange reserves of Sakura Country are as high as 1.3 trillion Eagle Dollars, which translates into 10 trillion Dragon Dollars and 200 billion Sakura Dollars. It is one of the largest foreign exchange reserves in the world.
However, this includes various currencies, gold, bonds and other financial assets.
In addition, a large part is reserved for international transaction payments.
There are also various other financial risks that must be guarded against.
The funds they were able to mobilize to take orders from the foreign exchange market through various methods only amounted to more than 100 billion dragon coins at most.
As for Tianqi Group, it has already spent 150 billion in funds in the past three days.
Moreover, if the Cherry Blossom Country really puts out so much foreign exchange reserves, it will lead to a significant reduction in the country's foreign exchange reserves, unhealthy asset allocation, and a series of serious consequences.
The financial butterfly effect is no joke.
At this extremely critical moment, Sakura Country had no choice but to turn to its good big brother for help.
Eagle Sauce Country at this time.
A group of people gathered together to discuss the request for help from Sakura Country.
"The Apocalypse Group is so rampant, trying to snipe a country's currency system with its own power, if he succeeds this time, he will not take any country seriously in the future."
"We must suppress him."
"It just so happens that we have been waiting for an opportunity to deal with Tianqi Group, and now he has come to our door by himself."
"He can use so much money to short Cherry Blossom Coin, he must have used a high degree of leverage. Once the short sale fails, he may suffer serious losses and have to sell the group's assets."
"Before Tianqi Group wasn't listed, we had nothing to do with them, but now, since they took the initiative to enter the financial market, I want to see what qualifications we have to be arrogant."
"Finance is our specialty."
"At that time, we will defeat Tianqi Group, loan it out, acquire several of its subsidiaries, and completely carve up Tianqi Group."