Thai shares swung sharply in the past week within a range of 1,590 and 1,620 points, tracking a similar pattern in global equities. Volatility was fuelled by macroeconomic factors following the recent US Federal Reserve meeting and diverse interpretations of future Fed policy by market participants. Meanwhile, other global risk assets such as bitcoin and gold also nosedived.
/PRNewswire/ Bualuang Securities (BLS), subsidiary of Bangkok Bank and a leading securities company in Thailand, and Premia Partners, a leading ETF provider.
Bualuang Securities (BLS) is bullish on the Vietnamese stock market despite a sharp decline of 11.6% in April, citing Vietnam's high economic growth prospects.
The Thai stock market slid on Monday after the Federal Reserve (Fed) chairman's mention of a half-percentage point interest rate hike at the May meeting sent global stocks tumbling.