Post Profile






Thai Stocks, Currency Plunge On Concerns Over King's Health, Fed Hike

Ever since the 1997 Asian Financial Crisis, investors have kept a close eye on financial developments in Thailand as canary in the Asian financial conditions coalmine, and overnight there was little to look forward to after Thai stocks crashed the most in over a year, plunging as much as 6.9% before settling 4.1%, lower while the baht currency tumbled 1.1%, its steepest plunge in three years.
read more

share

Related Posts


Hong Kong Tribunal Suspends Investor Who Criticized Chinese Firm

Business & Finance : DealBook

The five-year trading ban against the American investor, who had criticized the accounts of a Chinese property developer, raised concern over free speech in Hong Kong’s financial markets.

Thai Stocks, Currency Rally As 'Investors' Buy The Dead King Dip

Business & Finance : Zero Hedge

The last few days have seen carnage in Thailand's currency and stock markets following reports that the King's condition was unstable on Sunday. But the news that the world's longest reigning monarch has died this morning has prompt...

MORGAN STANLEY: Investors are asking if Asia's market crash will be like the 1997 crisis all over again

Business & Finance : Business Insider: Money Game

Is the current market rout and growth slowdown in Asia going to be like a repeat of the 1997 Asian financial crisis? In 1997, one Asian currency after another tumbled, along with the countries' stock markets. A major tightening in c...

Asia shares drift lower as investors factor in Fed rate hike

Business & Finance : USAToday: Money

Asia stock markets drifted lower Friday as investors bet that the Fed is closer to rate hike.        

Global Stocks Pressured By Weak Earnings, Rate Hike Concerns; Pound Jumps

Business & Finance : Zero Hedge

Global stocks are pressured this morning after a plunge in the Thai stock market and currency on concerns about the king's health and Fed hikes coupled with some more bad news out of Samsung which cut profit estimates by a third, wh...

Comments


Copyright © 2016 Regator, LLC