Krung Thai Bank Public Company LimitedKrungthai CIO recommends staying invested and accumulating tech stocks, which may benefit Krung Thai Bank's investment advisory business.
Krungthai CIO views global equity markets as being in a consolidation phase due to rising bond yields and oil prices, while listed company earnings remain strong. The S&P 500 fell 1.4% and the Nasdaq fell 2.1% last week. The US 10-year bond yield rose 4.2 basis points to 4.73%, and Brent crude oil prices increased 6.6% to 94.4 dollars per barrel. Krungthai CIO recommends a stay invested strategy, gradually accumulating technology and semiconductor stocks during price declines, while maintaining 6 to 12 month gold price targets of 4,915 and 5,315 dollars per ounce.
Krung Thai Bank Public Company LimitedKrungthai CIO recommends staying invested and accumulating tech stocks, which may benefit Krung Thai Bank's investment advisory business.
US 10-year bond yield rose 4.2 basis points to 4.73%, indicating higher yields.