Thai Stock Market Reacts to Global Concerns and Fed Chairman’s Comments
The Thai stock market opened the morning session down more than 20 points, responding to concerns about the situation in the Middle East where the war continues to escalate. In addition, the Chairman of the Federal Reserve (Fed) also indicated that he could hold interest rates at a high level for a longer period than […]
Baht Opens at 36.69 Baht per Dollar, Depreciating From Previous Week’s Close
Mr Poon Panitchpibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank, revealed that the baht opened this morning at 36.69 baht per dollar, “depreciating” from the previous week’s closing level of 36.60 baht per dollar ( level Closed Thursday, April 11) Since last Thursday, the baht has fluctuated within a wide range. (Oscillation in […]
Grayscale Bitcoin GBTC Holdings Plunge by Over 50% Following Launch of Spot Bitcoin ETF
Grayscale Bitcoin GBTC holdings fell by more than 50%, from $629,220 to $309,871, after the launch of the Spot Bitcoin ETF on January 11, while its market share increased to 37.3%. Grayscale’s GBTC fund has seen its Bitcoin holdings cut in half in the three months since its Spot Bitcoin ETF launched in the US […]
Hong Kong Grants Preliminary Approval for Bitcoin and Ether Spot ETFs
Hong Kong! Preliminary approval granted to Bitcoin and Ether spot ETF applicants, but not yet available for sale Permission to register with the Hong Kong Stock Exchange must first be sought. Today (April 15, 2024), Hong Kong asset management companies including Harvest Global Investments (a subsidiary of Harvest Fund Management) and HashKey Capital and Bosera […]
Coinbase Appeals SEC Complaint for Second Time: Seeking Clarity on Digital Asset Regulations
Coinbase files second appeal! A request to the court not to accept the US SEC’s complaint after the first appeal was just rejected at the end of the month. last march Paul Grewal, Coinbase’s chief legal officer, said the company has filed a request to the US Court of Appeals for the 2nd Circuit not […]
Crypto Market Bloodbath: Factors Behind the Flash Crash on Songkran Day
Flash crash!! The crypto market is blood red to welcome Thailand’s Songkran Day, statistics show! More than 280,000 futures traders worldwide liquidated a total of 32 billion baht in the past 24 hours. The mood of the voters reduces the degree of greed. So what are the factors behind this disaster? In the midst of […]
Government Approves Stimulus Measures to Boost Real Estate Sector: A Comprehensive Overview
On April 9, 2024, the Cabinet decided to approve the stimulus measures. economy through the real estate sector, a total of 5 measures, which include 1) reducing mortgage-transfer fees to 0.01% each, covering homes not exceeding 7 million baht; 2) allowing tax deductions from building houses at the ‘Million per ten thousand’ rate, totaling not […]
SET Market Analysis and Recommended Stocks for Investment Amidst Interest Rate Cut Delay
Miti Stocks – “Miti Stocks” correspondent reported that analysts at Globlex Securities revealed that they expect the SET in the afternoon to rest within the support range of 1,390-1,395 points and the resistance level of 1,410 points according to regional markets after waiting for the FED. The interest rate cut was extended to July instead […]
April Gold Price Outlook: Speculative Buying and Weakening Baht Drive Prices to Expected Range
Gold Research Center Expected April Bright gold index, supported by speculative buying – weakening baht – increased demand for safe assets, expected price range 38,600 – 41,100 baht. Phibunrit Wiriyaphon, Director of the Gold Research Center Publication of the gold price confidence index for the month of April 67 increased compared to the previous month […]
Thai Stock Market Index Rises by 0.50% Amid Continued Recovery
SET closed today at 1,408.17 points, an increase of 7.06 points (+0.50%), trading value 44,404.99 million baht. Stock trading today Index continues to recover The index made the highest point at 1,411.46 points, making the lowest point 1,402.89 points. In terms of securities, today’s change increased 366 securities, 119 securities decreased, and 179 securities remained […]
