Post by account_disabled on Jan 2, 2024 18:19:09 GMT -10
Kasikorn Asset Management reveals that the volatile situation during this period means that the world economy will enter a short-term slowdown. View it as an opportunity for investors to gradually purchase LTF/RMF funds for the opportunity to receive long-term returns because Thailand has fundamentals that are more attractive in the eyes of foreign investors. Miss Thidasiri Srisamit Chief Investment Officer (Deputy Managing Director Investment Management Division) Kasikorn Asset Management Co., Ltd. (Kasikorn Asset Management Co., Ltd.) revealed the Thai stock market has been under pressure from the trade war between the United States and China that has become heated again.
After President Donald Trump announced that C Level Executive List he would increase tariffs on imports from China by 10% to a value of 300 billion US dollars, effective on September 1, 2019, China's central bank caused the Yuan to weaken. The value fell to an 11-year low at 7 yuan per US dollar. President Trump views China as having currency manipulation (Currency Manipulation) in response to the recently announced additional tariff measures by the United States. Miss Thidasiri went on to say that As a result of this situation, investment funds will flow back into safer assets. This can be seen from the gold price reaching its highest level in 6 years, while global stock markets dropped 3-5%, while Asian stock markets dropped accordingly.
In the past, the Thai stock market has dropped to its lowest level of more than 50 points (from the closing price on 1 August 2019) before recovering slightly. Moreover, the 10-year US bond yield dropped to the lowest in 3 years. "Kasikorn Asset Management Co., Ltd. It is seen that in the short term the Thai stock market will still suffer from fluctuations mainly from foreign factors. Especially in the issue of the trade war between the United States and China that has not yet been resolved. Plus there's a tendency to prolong it. which may increase in severity Most recently, the US Ministry of Finance has considered China to be a nation that manipulates the currency It is the first official allegation since 1994 when China suspended imports of U.S.
After President Donald Trump announced that C Level Executive List he would increase tariffs on imports from China by 10% to a value of 300 billion US dollars, effective on September 1, 2019, China's central bank caused the Yuan to weaken. The value fell to an 11-year low at 7 yuan per US dollar. President Trump views China as having currency manipulation (Currency Manipulation) in response to the recently announced additional tariff measures by the United States. Miss Thidasiri went on to say that As a result of this situation, investment funds will flow back into safer assets. This can be seen from the gold price reaching its highest level in 6 years, while global stock markets dropped 3-5%, while Asian stock markets dropped accordingly.
In the past, the Thai stock market has dropped to its lowest level of more than 50 points (from the closing price on 1 August 2019) before recovering slightly. Moreover, the 10-year US bond yield dropped to the lowest in 3 years. "Kasikorn Asset Management Co., Ltd. It is seen that in the short term the Thai stock market will still suffer from fluctuations mainly from foreign factors. Especially in the issue of the trade war between the United States and China that has not yet been resolved. Plus there's a tendency to prolong it. which may increase in severity Most recently, the US Ministry of Finance has considered China to be a nation that manipulates the currency It is the first official allegation since 1994 when China suspended imports of U.S.