Thailand's currency, stocks rally on economic, earnings momentum; Asia FX mixed

Quick Summary:

Thailand's currency rallied on Wednesday after the finance minister set an optimistic tone for the country's growth for the next year and said the government would discuss more stimulus measures, while electronics firm Delta pushed stocks higher.

"The fundamental backdrop for EM appears benign for now, but the sequencing and magnitude of potentially disruptive Trump policies could inject volatility," Barclays analysts said in a note.

Currencies in the region were mostly mixed, with the Malaysian ringgit falling 0.5% on market forecasts that economic growth will slow in the third quarter.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaPhilippinesSingaporeTaiwanThailand

Topics: Ringgit Forex Thai Baht /Business/Business News Equity Asian Currencies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 16:03:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23568024

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 28 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions