Post by mangomoney on Sept 23, 2016 16:06:45 GMT 7
Asian markets surge as Fed holds rate
Baht gain muted on external risks
Published: 23/09/2016 at 04:00 AM
Newspaper section: Business
Thai shares, in line with advances across Asian bourses, crossed the 1,500-point marker after the US Federal Reserve stood pat on borrowing costs and scaled back the number of rate increases expected in the years ahead.
The SET index skyrocketed on the news, then zig-zagged back and forth across the 1,500-point threshold before closing at 1,505.99, up 1.3% in brisk trade worth 46.5 billion baht.
The Fed's dovish comments encouraged foreign investors to be net buyers of 2.01 billion baht yesterday, stretching their buying spree to 135.77 billion year-to-date. Thai shares have gained back almost 90 points from Sept 12's close of 1,411.85 after the 136-point slide from the end of August. The SET index, one of Asia's best performers, has shot up almost 17% this year.
more...
www.bangkokpost.com/business/news/1092537/asian-markets-surge-as-fed-holds-rate
Baht gain muted on external risks
Published: 23/09/2016 at 04:00 AM
Newspaper section: Business
Thai shares, in line with advances across Asian bourses, crossed the 1,500-point marker after the US Federal Reserve stood pat on borrowing costs and scaled back the number of rate increases expected in the years ahead.
The SET index skyrocketed on the news, then zig-zagged back and forth across the 1,500-point threshold before closing at 1,505.99, up 1.3% in brisk trade worth 46.5 billion baht.
The Fed's dovish comments encouraged foreign investors to be net buyers of 2.01 billion baht yesterday, stretching their buying spree to 135.77 billion year-to-date. Thai shares have gained back almost 90 points from Sept 12's close of 1,411.85 after the 136-point slide from the end of August. The SET index, one of Asia's best performers, has shot up almost 17% this year.
more...
www.bangkokpost.com/business/news/1092537/asian-markets-surge-as-fed-holds-rate
