Market Roundup 27 January 2022

1) Thai stock market overview

Thailand’s SET Index closed at 1,634.17 points, decreased 9.27 points or 0.56% with a trading value of 93.8 billion baht. The analyst stated that the Thai stock market moved in negative territory and in the same direction as global markets after the Federal Reserve signalled for a strong and fast rate hike. The analyst expected high volatility in the Thai stock market tomorrow, but the market could rebound, giving a support level at 1,637 points and a resistance level at 1,648 points.


2) Beijing is considering to dismantle China Evergrande

Chinese authorities are considering a proposal to dismantle China Evergrande Group by selling large parts of its assets. The restructuring proposal, submitted to Beijing, includes selling most of its assets except separately listed property management and electric vehicle units.


3) IMF sees further sell off and slow capital flows in EM amid Fed’s rate hike

The International Monetary Fund has warned that the market sell off could continue further amid the tightening of monetary policy from the U.S. central bank. IMF’s financial counsellor and director of monetary and capital markets Tobias Adrian told CNBC that capital flows through many emerging markets have slowed down in the past three months, and the IMF could see a further slowdown going forward.