Daily Strategy: KSS Warns Investors of Outflow from Rising Inflation in Thailand

Major stock markets in Asia traded mostly lower on Tuesday, coming out of a heavy selloff just yesterday as investors were cautious on the situation in Ukraine.


As of 10:15 local time in Thailand, Nikkei dropped 0.31%, SSEC fell 1.48%, Hang Seng Index slipped 0.60%, ASX 200 dipped 0.61%, while IDX Composite rose 0.38%.

Thailand’s SET opened at 1,623.58 points, decreased 3.12 points or 0.19%.


Mr. Chaiyot Jiwangkul, Assistant Director of Krungsri Securities (KSS), through “Kaohoon Jor Talad Program” on March 8, 2022, stated that investors are still monitoring the development in Ukraine, but the pressure in stock markets was lower than yesterday, while seeing commodity plays attractive due to rising commodity prices in concerns of sanction on Russia, global leading supplier in commodity.

Meanwhile, Mr. Jiwangkul said that the outflow might be due to rising inflation that could top gross domestic production growth.