Stocks
- World
Asia News Today | Taiwanese army reserves on high alert
Hundreds of Taiwanese army reserves have carried out training exercises after a call from the Taiwanese president calling for “unity” as the island keeps an eye on China’s reaction to the invasion of Ukraine. Taiwan has kept its military reservists on high alert over the past year.About 400 personnel took part in target training and combat simulations yesterday in efforts…
- World
Asia News Today | Shares in Asia-Pacific decline & oil prices to surge
Shares in Asia-Pacific have declined in today’s trade as oil prices continue to surge, with the ongoing Russia-Ukraine war continuing to weigh heavily on investor sentiment. The Hang Seng led losses across the region, dropping more than 4% at one point before a small bounce back. Shares of HSBC plummeted 6%. China’s Shanghai composite shed 1.42% and the Shenzhen composite…
- Video
Asia News Today | Asia’s stocks fluctuate, gold and Bitcoin rally
In the Asia Pacific region, only Japan, South Korea and Australia have so far officially condemned the actions of Russia after its invasion of Ukraine yesterday. They’ve said they will join with the US in imposing international sanctions but have so far declined to add unilateral sanctions. Indonesia has taken a slightly different tack and is calling for negotiation and…
- World
Asian stocks rise with new Russian sanctions, market volatility increases worldwide
Asia markets ticked higher at opening on Friday, encouraged by a rebound of the US stock market, after Russia was struck with a flurry of international sanctions. US President Joe Biden has announced a new round of sanctions against Russia, crippling its ability to conduct business in major currencies. Many indexes were in the green on Friday morning, including Tokyo’s…
- World
Asia News Today | Asian stocks sink over Russian incursion, China ramps up microchip production
Russian President Vladimir Putin has formally recognised two breakaway regions in eastern Ukraine as independent. He’s used this diplomatic word-play as a reason to order the Russian army to launch a so-called peacekeeping mission into the area. His actions are a significant ramping up of diplomatic tensions in the ongoing Russian/Ukraine crisis.The president has ordered his defence officials to deploy…
- Economy
Thailand’s GDP forecast to fall up to 9% this year
Thailand’s GDP is set to fall 7-9%, year-on-year, according to the Joint Standing Committee on Commerce, Industry and Banking. The fall is, not surprisingly, being fallout from the catastrophic drop in tourism and lower exports. Kalin Sarasin, chairman of the Board of Trade of Thailand, says the expected contraction was revised downwards from 5-8%. The committee also predicted exports would drop…
- Economy
Price of gold rises but investment not without risks
A leading investment research firm says the price of gold is on the rise, with predictions bullion could reach US$2,000 an ounce. Chayanee Juengmanon from Morningstar Research Thailand says one exchange-traded fund favoured by most domestic gold mutual funds, recorded net inflows of over $20 billion within the last year, a 30% increase in the value of its assets. gold…
- Coronavirus (Covid-19)
World financial markets take stock of record losses
Global stock and oil markets plunged around the world yesterday (Wednesday) as enormous sums of stimulus, thrown at fragile economies, failed to offset concerns that the worsening Covid-19 coronavirus pandemic will tip the global economy into recession. The Dow Jones Industrial Average was hit by more brutal losses to finish below the 20,000-point level for the first time since 2017.…
- Thailand
Thai stock exchange pulls 30 minute circuit breaker
The Stock Exchange of Thailand (SET) had pulled a 30 minute “circuit breaker” to suspend trade between 9:59 and 10:29am leading to a fall at 11am, when the SET fell by 78.95 points, or 7.08%, to 1,035.96. Foreign investors made net sales of 1.929 billion baht in the stock market and 13.646 billion in the bond market. Most global stock…
- Economy
Thai stocks tumbles, SET drops nearly 6%
Thailand’s stock exchange, the SET, plunged yesterday along with the region’s other bourses. The index dropped amid concerns over the growing global Covid-19 coronavirus pandemic. The SET dived 74.57 points, or nearly 6%, to 1,175.32 points. This all happened shortly after the open in a turnover of 9 billion baht. The SET50 index, Thailand’s top 50 listed companies, faired even…
- Economy
Thai stocks plummet nearly 4% in Monday SET trading
The Stock Exchange of Thailand finished yesterday at 1,435.56 points, a decrease of 59.5 points, or nearly 4% – that’s compared to Friday’s close on the SET. The daily trade volume for Monday was 76.431 billion baht, with an index high of 1,474.12 and a low of 1,435.56. Asian bourses were hammered as confidence was inhibited by rising cases of the…
- Economy
Local investor sentiment dampened by Brexit woes and slump in Chinese economy
The British pound fell today as investors fret over PM Boris Johnson’s chances of pushing his Brexit deal through the British parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades. The pound rallied almost to US$1.30 yesterday following news that negotiators had hammered out an agreement that would…
- Hong Kong
Hong Kong stocks open lower, another weekend of strife ahead
PHOTO: AFP More protests in Hong Kong over the weekend, and threats of interruptions to communist China’s 70th anniversary celebrations starting tomorrow, is weighing heavily on investors this morning. Hong Kong stocks opened lower this morning, extending losses at the end of last week, a day before mass pro-democracy protests planned in the city on communist China’s 70th anniversary. The…
- World
Pound lifted by British PM’s latest defeat, Asian equities struggle
The British pound bounced today after UK PM Boris Johnson again failed to get MPs to back a snap election, while Asian equities drifted as investors await a key European Central Bank meeting and developments in the China-US trade talks. Just before Westminster lawmakers broke up for five weeks they inflicted yet another defeat on the new PM, who has…
- Business
Asian stock markets follow Wall Street’s lead downward this morning
Asian stock markets have followed Wall Street’s lead this morning falling sharply as investors made their concerns apparent about economic recessions in some of the larger economies. They also reacted to more threats of instability from the trade war between the US and China. The Stock Exchange of Thailand (SET) Index dropped 1.6% during this morning’s trading. US markets led…