SUBSCRIBERS
Thai stocks, baht jump on optimism over royal transition
SET up 4.6%, baht rises 0.9%; volatility expected
Published Fri, Oct 14, 2016 · 09:50 PM
Kuala Lumpur
THAI stocks jumped the most since 2013 and the baht strengthened on prospects for a smooth transition following the death of King Bhumibol Adulyadej, the world's longest reigning monarch.
The benchmark SET Index surged 4.6 per cent to close at 1,477.61 on Friday and the baht advanced 0.9 per cent to 35.30 a dollar after gaining as much as 1.6 per cent earlier.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance