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Tuesday, April 30, 2024

Stocks, gold diverge on war, Covid news

The atmosphere at Hua Seng Heng gold shop on Yaowarat Road on Thursday as people trade gold after the price increase. Arnun Chonmahatrakool

The Thai stock market tumbled 1.99% on Thursday while local gold prices rose by 850 baht after Russia launched attacks on multiple Ukraine cities.

Big gainers included oil stocks, which rose following the attacks, and hospital stocks, which jumped after the daily number of new Covid cases soared to 45,000, including those detected by ATK testing.

Following news that Russia invaded Ukraine, the Dow Jones Futures Index fell 783 points or 2.37% to 32,283 points at 10.54am Thai time, while the Nikkei 225 Index closed the morning session at 26,161.46 points, down 288.15 points, or 1.09%.

The HSI Hong Kong Stock Exchange closed the morning session at 22,925.60 points,…

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