BANGKOK, Sanctions on Russia have bumped up commodity prices and
lowered risky asset prices. Crude oil prices in the global market which
surpassed USD 100 per barrel have stoked concerns that the Federal Reserve could
tighten monetary policy to curb the rising inflation. However, the inverted
yield curve of the 2-year and 10-year US treasury bonds weighed investors’
concern over recession risk.
Stock Exchange of Thailand (SET) Senior Executive Vice President Soraphol
Tulayasathien said that Thailand’s exposure to Russia and Ukraine is considered
limited as the economic rebound is gaining steam, particularly in the Services
industry and tourism sector which are expected to reap a windfall from the
country reopening in the near future. These factors have attracted foreign fund
influx, with Thailand grabbing the biggest slice of capital inflows to ASEAN
region during the first three months of 2022, and the SET Index closed 0.6
percent month-on-month higher at 1,695.24 points at end-March, or a 2.3 percent
rise from end-2021.
Source: The Stock Exchange of Thailand