Market Roundup 24 February 2022

1) Thai stock market overview

Thailand’s SET Index closed at 1,662.72 points, decreased 33.73 points or 1.99% with a trading value of 126 billion baht. The analyst stated that the Thai stock market edged lower due to the escalated tension after Russia decided to invade Ukraine, resulting in a selloff of risk assets around the world. The analyst warned that if the situation does not get better tomorrow, the downfall could continue for the Thai stock market, giving a support level at 1,640-1,650 points and a resistance level at 1,670-1,680 points.


2) Global stock markets edge lower on Russia and Ukraine tension

Equity markets around the world faced a huge selloff as investors withdrew from risk assets amid escalated tension between Russia and Ukraine that could lead to a war. Russian president Vladimir Putin announced an invasion of Ukraine earlier today.


3) Russian ruble falls nearly 10%

The Russian ruble dropped sharply on Thursday after its president officially announced an advancement into Ukraine earlier this morning.

The ruble was trading at 89.8903 to a dollar this morning, according to the local time in Moscow. The ruble was trading at 81.48 to a dollar yesterday, representing a 9.35% plummet in Russia’s currency. Russia has suspended trading sessions on all its markets.


4) Ukrainian Minister of Foreign Affairs calls out the world to act against Russia

Ukrainian Minister of Foreign Affairs Dmytro Ivanovych Kuleba wrote in a tweet that Russia has launched a full-scale invasion and the city is under attack.  He also called out the world to act against Russia.