Stock news 10:07 a.m. 2024-02-14
The Thai stock market dropped more than 10 points in the morning, responding to US inflation that was higher than the market expected. This has created concerns that the Federal Reserve (Fed) may not cut interest rates in March, pushing up the yield on US government bonds (Bond yields) and strengthening the dollar. This morning there was strong selling of big cap stocks such as ADVANC, PTT, AOT, SCB.
At 10:00 a.m., the SET index was at 1,381.40 points, down 10.33 points (-0.74%).
Mr. Wichit Arayapisit, Investment Strategist Liberator Securities said the Thai stock market dropped more than 10 points in the morning, in line with other stock markets in Asia. After US inflation came out higher than expected Causing the stock market in the United States to fall sharply last night. and the dollar strengthens Putting pressure on the baht to depreciate the most in three months, including the 10-year bond yield soaring past 4.3%.
This is due to inflation rising. This has caused investors to postpone their predictions for the Fed’s first interest rate cut this year. It’s going to be June. Then, from the original expectation in March-May.
Support is set at 1,380 points and resistance at 1,395 points.
By InfoQuest News Agency (14 Feb. 2024)
Tags: SET, SET Index, stock market, Thai stock market, Thai stocks
2024-02-14 03:57:02
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