The investment atmosphere for Thai stocks is likely to remain downbeat this month following the recent US interest rate hike that could exacerbate the banking crisis in that nation, says Tisco Securities.
Following the decision by the Federal Reserve to raise interest rates by 0.25% on May 3, investors need to monitor the impact on regional US banks as some are reported to be weak, said Apichart Phubancherdkul, Tisco’s head of strategy research.
“Investment conditions in May are not bright. There are risk factors that need to be closely watched, such as how US banks are going to be affected by the Fed’s interest rate policy,” he said.
“There is other US economic data that needs to be monitored, such as inflation and labour market figures.”
The outlook for US interest rates going…
