THURSDAY, March 28, 2024
nationthailand

SET alone among unrattled Asian markets

SET alone among unrattled Asian markets

Stock markets in Asia tumbled for a second day on Tuesday morning after the United States announced it would hike by 10 per cent import taxes on Chinese goods worth a combined $300 billion beginning on September 1.

At the same time, Beijing has depreciated the yuan’s value against the dollar.
The Hong Kong Hang Seng closed at 25,966.59, a drop of 184.7 points or 0.71 per cent from Monday.
Japan’s Nikki closed at 20,299.69, down 420.60 or 2.03 per cent.
Singapore’s FTSE Straits Times Index closed at 3,160.26, down 34.25 or 1.08 per cent.
The Shanghai Index closed at 2,909.00, a 46.66-point drop or 1.60 per cent.
The Stock Exchange of Thailand (SET) Index fell 13.27 points on opening Tuesday and by the end of morning trading stood at 1,667.89, up 1.90 points from Monday, with trading value of Bt37.21 billion.
Globlex Securities forecast that the SET index would move between 1,640 and 1,670 amid concerns about a trade war between the US and China and how it would affect the Thai economy.

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