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Analysts are warning of potential downswings in the Thailand Stock Exchange (SET) index due to ongoing business uncertainties in Russia and loan defaults in China’s property market. The SET index experienced a seven-day consecutive drop last week and finished in the red, despite brief rallies. Concerns about smaller stock performances and Chinese property market defaults have led to cautious investments and overall market instability, contributing to business uncertainty. The SET index decreased by 0.49% to settle at 1,478.10 points, and experts suggest that this trend may continue due to investor anxieties. The situation in Russia could further increase business uncertainty and commodity prices, causing inflation hikes and hurting stock markets. Monitoring Russia’s situation is crucial due to its significant contribution to the global commodities market. Meanwhile, rising concerns about political turbulence in Russia and potential supply chain disruption have resulted in oil price increments and business uncertainty.
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