Local stocks charmed by dovish Fed | Bangkok Post: business - News Summed Up

Local stocks charmed by dovish Fed | Bangkok Post: business


Foreign investors cashed out 1.3 billion baht Thursday, bringing their net selling to 13.4 billion this year. The Bank of Thailand recommends that the private sector manage risk associated with foreign exchange, Ms Vachira said. "It could take around one year to make the US rate close to Thailand's policy rate," he said. The Fed signalled that interest rate hikes would not increase in pace, so concerns about fund outflows from emerging markets eased, Mr Warut said. Apichai Raomanachai, research manager at Apple Wealth Securities, recommends investors seek high-yield stocks to avoid market volatility at present.


Source: Bangkok Post March 16, 2017 22:07 UTC



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