The Thai stock market in the early followingnoon continued to fall to more than 20 points, receiving strong selling of large stocks. Responding to concerns regarding the US Federal Reserve’s (Fed) interest rate hike, the latest to 0.75% will pressure central banks around the world to accelerate interest rates accordingly. and fears that the US economy may enter a recession
- By 2:55 p.m., the SET index was at 1577.38 points, down 16.16 points (-1.01%).
- Most recently, at 15:05, the SET index was at 1573.32 points, down 20.22 points (-1.27%).
Mr. Sarawut Techochavalit, Senior Director of Securities Analysis Department, RHB Securities (Thailand) It said the SET index in early followingnoon dropped more than 16 points, amid concerns global central banks will speed up interest rate hikes following the Fed to curb accelerating inflation. Although the Fed raised interest rates as expected last night at 0.75%, but signaled strong interest rates continued. causing the market to worry regarding such factors once more. As a result, when the index rebounded in the early morning, there was pressure to sell. Especially in the followingnoon, there was a strong selling out of the Big Cap group, pushing the market down strongly. and European stock markets and the Dow Jones Industrial Average fell as well.
By InfoQuest News Agency (16 Jun 65)
Tags: SET, Thai stock market, Thai stocks
