Investors monitor share prices at a brokerage. Pornprom Satrabhaya
Thai stocks extended losses on Monday as investors worry strong US jobs reports and the prolonged Russia-Ukraine war will drive the Federal Reserve to move with more aggressive and quicker rate hikes to fight inflation.
The markets expect the war will keep energy prices high, making it more challenging for central banks globally to control inflation while the global economy slows.
Global stock markets on Monday continued to fall from the week before. The Nikkei 225 opened at 26,705.32, down 298.24, or 1.1%, while the SSE Composite Index opened at 2,990.20, down 11.36. or 0.37%. The Hong Kong stock markets were closed for a public holiday.
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