Market Roundup 15 March 2022

1) Thai stock market overview

Thailand’s SET Index closed at 1,644.36 points, decreased 15.79 points or 0.95% with a trading value of 82 billion baht. The analyst stated that the Thai stock market traded lower in the same direction as global markets, pressured by a selloff in energy stocks after oil prices edged lower and concerns of lockdown in China that could impact economy and consumption in Asia.

The analyst expected SET Index to move in sideways trends, while recommending investors to monitor the Fed’s meeting and the situation in China, giving a support level at 1,630 points and a resistance level at 1,650 points.


2) Russian shells hit apartment buildings in Kyiv

Russian shells have hit apartment buildings in Kyiv and have claimed the lives of two people, according to reports from the city’s mayor and the emergency service on Tuesday.

The shelling came as Russia and Ukraine are expected to continue their negotiation on Tuesday, following a fourth round of negotiations yesterday.


3) China seeks to avoid conflict with US over Russia and Ukraine war

China is seeking to avoid conflict with the U.S. as well as taking hit from U.S. led sanctions against Russia, according to a Chinese diplomat.

Earlier the White House called on Beijing to use its influence to help end the conflict. The U.S. also cautioned of serious consequences if Beijing supports Russia over the war.


4) China and Hong Kong lead the market in loss

China and Hong Kong led Asian markets in loss as investors continued to weigh on Covid-19 outbreak, lockdown and tech stock delisting.

China’s mainland SSE Composite Index closed 4.95% lower, while Hong Kong’s Hang Seng Index fell 5.72%.