The main board of the South Korean stock market is KOSI, with nearly 1,000 companies and a total market value of more than 1.2ooo US dollars, while KOSDAQ is like China's GEM, with more than 1,000 small and medium-sized enterprises and a total market value of more than 100 billion US dollars.
Familiar with China's daily trading volume of 200 to 300 billion yuan, that is, more than 40 billion US dollars, and looking at South Korea's average daily volume of 500 million US dollars, market participants will think that this is the case.
However, the difference between the Korean stock market and the Chinese stock market lies in the psychology of investors, the Chinese financial market is relatively closed, is the well-known "Xiaobai" market, as soon as there is a wind and grass, there will be big ups and downs, the Korean stock market has about 7o market participants are retail investors, but like Hong Kong Island, Singapore and other markets, the quality of investors is higher.
This brings us to one thing: the pricing of securities The eternal key point of contention in the financial market is the pricing power, a certain stock, you shout out 1o yuan a share, most of the participants do not recognize, then there will be a scramble at this price, when your funds completely crush others, you can set a strong price, but this price is virtual, only when you shout out the price in line with the market psychology, it can be regarded as the completion of pricing.
For example, Thunder thinks that the Korean stock market is now the highest at 215o, and after his own participation, the market will rise in the future, in fact, the first step is to absorb chips at 215o, and the selling orders come from market participants who believe that the market will fall in the future.
If there is no big institution to participate, Thunder needs to slowly absorb floating chips, of course, it is not fast, and Lei Hao can't say that I directly mentioned 22oo points, because the future information tells him that this will cause market participants holding securities to reluctantly sell, but further shrink the volume.
Institutions that intend to stand on the opposite side of the Thunder actually have many ways, first, a single institution can actually hedge against the Thunder.
I'll throw you the chips at 215o first, and then suppress the index, if I can get the chips back at the low level, then I'll be holding the same position, but making the same amount of cash as the difference.
However, the amount of Thunder's funds is too large, Lei Hao's reputation is too strong, and there are still institutions that have the strength to guarantee the suppression of the index after hedging with Thunder, but there are not many institutions, and the confidence is insufficient.
I have 10 billion chips, I throw them to the Thunder, and then I don't have much confidence in suppressing the index, because the chips that can make me sell the market are reduced by 10 billion.
Besides, Thunder is not alone, and Lei Hao can mobilize more than 10 billion US dollars, so it is the right choice to sort out the cooperative relationship and narrow the risk exposure.
Park Hae-wook and others thought that when the wind was calm, in fact, capital was slowly surfacing, and No. 9 was the prelude to the fight.
"Pending orders, pending orders, the boss has higher requirements for the degree of position building" "Regardless of these spreads, we are thunder, and we can afford to open a higher position" "Shit kosdaq don't worry about that, we just need the stock of the main board."
Korea, Er, Leo excitedly gave instructions to his subordinates.
Lei Hao is not involved in the trivial "little things" of building a position now, he points out the direction, puts forward requirements, and how to complete the plan is the responsibility of Leo's group.
There are thousands of stocks in the stock market, in addition, there are futures indexes, margin trading, options, foreign exchange and other markets, and then you have to communicate with risk control, legal affairs and other departments, how to bypass certain laws and regulations, how to ensure that their funds run smoothly, all need to work staff.
For Lei Hao, he hires 1,000 people and spends $5ooo per month each, and in this kind of big project, if this group of people can help him lower the opening price of oo5, then they all have to make money.
And Lei Ting is not only these businesses, the income of the fixed income department, the equity investment department, the brokerage business and other fields is almost the same when used to pay the salaries of employees, and Lei Hao is equivalent to using the income outside of large project speculation to support the operation of the entire group.
"This is just a prelude" In the office, looking at the changes in the curves and data on the computer screen, Park Hae-wook was a little shocked. is just in the tentative stage, and the number of lists that have emerged in the market is enough to shock outsiders like Park Hae-wook.
The average daily trading volume of the South Korean stock market is only 5o billion US dollars, which is exchanged for 5.6ooo billion won, and now the long and short sides of the market are like waves in opposite directions, killing together, and then disappearing without a trace, and the thunder is building positions at billions of won per minute.
In the US dollar, in fact, it is hundreds of millions of dollars per hour, and it is less than a billion dollars in the whole day, plus the field outside the stock market, the exposed risk exposure is about two or three billion dollars.
A person like Park Hae-wook, whose personal assets are about 4o billion US dollars, has a lot of knowledge, and has survived many major financial events as an entrepreneur, but the simple hedging of financial capital is still so close.
Hedging of funds is the charm of the financial market, and the magnificence of data also reveals an atmosphere that makes outsiders feel afraid.
Tens of billions of dollars of risk exposure will be exposed in a short period of time, and tens of billions of profits and losses will appear at any moment after the opening of the position.
"Do I want to participate or not?"
Park Hae-wook asked in his mind.
The same doubts exist in the minds of any market participant, and the uninformed average person can only make a judgment based on his own analysis, and the agency that knows the inside story needs to weigh the situation.
South Korea's pro-China factions like Park Hae-wook, who were originally quite disdainful of the Thunder's immobility, began to feel weak when it came to the end.
The predators are biting each other, and the small fish and shrimp are quite easy to be injured by mistake when they get closer.
Financial institutions that have a cooperative relationship with Thunder are more decisive, even if they are considering, but there is no need to hesitate in the early stage of the chips, just these are only a little more than the floating chips, it is really not enough for everyone to eat, as long as they ensure that their positions are not a certain percentage of the Thunder position, the security is more guaranteed.
On the 9th, the South Korean stock market exploded, and the daily trading volume of the stock market alone broke 8 trillion won, which was directly dozens of percentage points more than the four or five trillion won in normal times.
Lei Hao doesn't know the positions of other institutions, but Thunder's position is close to $100 million, which is a visible change, but today it is 700 million dollars more, and there is nothing to blame for the degree.
"Senior brother, this is today's trading report."
Li Yingfeng walked in with a stack of documents, put them on the desk, and then walked out without daring to say anything.
In fact, now everyone feels a pressure, because this is fighting at someone else's home court, in comparison, the Thunder is naturally at a disadvantage, where is the key point of victory, everyone can see it, but what are the chances of victory, everyone's psychology is bottomless.
The hedging of large funds is extremely dangerous, especially the obviously ill-intentioned large funds like Lei Hao
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