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SET dips amid negative factors

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SET dips amid negative factors

By The Nation

 

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The Stock Exchange of Thailand (SET) closed at 1,569.55 on Friday (January 24), down 4.15 points (0.26 per cent) from Thursday's, with Bt47.51 billion in total trade. The SET index moved between 1,567.07 and 1,576.68 during the day. 

 

Tisco Research had predicted a slide in the SET index due to falling oil prices, outbreak of the coronavirus affecting tourism, and further delay to the annual budget for fiscal year 2020.

 

Elsewhere in Asia, Japan’s Nikkei Index closed at 23,827.18, up 31.74 points, or 0.13 per cent.

 

Hong Kong’s Hang Seng Index closed at 27,949.64, up 40.52 points, or 0.15 per cent.

 

The Shanghai Stock Exchange was closed ahead of the Chinese New Year on Saturday (January 25).

 

Source: https://www.nationthailand.com/news/30381026

 

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-- © Copyright The Nation Thailand 2020-01-25
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3 hours ago, rooster59 said:

outbreak of the coronavirus affecting tourism

I wonder if China suddenly declared they had the Black Death if Thailand would still be inviting them in to keep tourism up ? 

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When you hitch your economic wagon to the ChiComs, you’re in for a bumpy ride.  The Baht remains uncomfortably high.  The Mekong has lost precious volume.  Your exporters project a contraction this year. Thousands of Wuhan tourists have just arrived.

How can a small country expect to compete with China?

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21 minutes ago, Isaan sailor said:

When you hitch your economic wagon to the ChiComs, you’re in for a bumpy ride.  The Baht remains uncomfortably high.  The Mekong has lost precious volume.  Your exporters project a contraction this year. Thousands of Wuhan tourists have just arrived.

How can a small country expect to compete with China?

Considering Wuhan was closed on Wednesday, how did Wuhan empty itself in to Thailand?

 

Canoe?

 

The high baht has nothing to do with China and everything to do with the dollar.

 

The Mekong is low because of a drought, within China as well as Laos and Thailand.

 

Any more horse apples to share with us?

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A credit default will certainly END the current “irrational exuberance” worldwide, as it did the last 3 times, wiping out billions and as before, will even catch sophisticated economists by surprise.

baht will take an almighty bath too! Personal Debt here is a joke.

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