199565438+1October 18, Kobe earthquake, Japan. In the following days, Tokyo's Nikkei index fell sharply. On the one hand, Lisen suffered more losses. On the other hand, he bought a larger number of Nikkei futures contracts, hoping that the Nikkei index would rise to the ideal price range. 65438+1On October 30th, Allison obtained funds from London at the rate of100,000 pounds per day, and has bought 30,000 Nikkei index futures and shorted Japanese government bonds.
On February 23rd, 1995, the last day of Bahrain futures, Allison's efforts to influence the market direction completely failed. The Nikkei stock price closed down to 17885, and Risen's long-term risk position in Nikkei futures has reached more than 60,000 lots; While the price of Japanese bonds has been rising all the way, its short risk position has reached 26,000 lots. The loss brought by Leeson to Bahrain finally reached a high of 860 million pounds when Bahrain executives were still dreaming of dividends the next day, which led to the end of the oldest Bahrain bank in the world.
Extended data:
Information about the failure of Bahrain Bank:
1. The direct cause of the bankruptcy of Bahrain Bank was that nick leeson, the futures manager of Bahrain Company, misjudged the trend of Japanese stock market. 1995 65438+ 10, the Japanese economy showed a recovery momentum. Allison is optimistic about the Japanese stock market, buying a large number of futures contracts in Tokyo and Osaka respectively, hoping to make a big profit when the Nikkei index rises.
2.199565438+1October 17. The sudden Hanshin earthquake in Japan hit the recovery momentum of the Japanese stock market, and the stock price continued to fall. As a result, the loss of Bahrain Bank was as high as $6,543.804 billion, which was almost all the assets of Bahrain Bank at that time. This once brilliant financial building collapsed.
3. The news of the bankruptcy of Bahrain Bank Group shocked the international financial market, and the stock markets everywhere were affected to varying degrees. The exchange rate of the pound fell sharply, and the exchange rate against the mark fell to the lowest level in history. The hidden influence of Bahrain Bank incident on European and American financial industry is immeasurable.
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