archiveThai baht

BENGALURU: Emerging Asian equities ticked higher on Thursday as investors assessed trade negotiations between the US and Japan although concerns over the economic impact of US trade policies kept sentiment in check. The MSCI index of emerging Asian equities climbed as much as 0.8% following an over 1% drop on Wednesday, while a gauge of ASEAN stocks advanced for a seventh straight session to a two-week high. South Korea’s KOSPI index rose as much as 1% as the central bank held its interest rate steady, as widely expected, and signalled...

BENGALURU: Stock markets in emerging Asia fell on Wednesday, snapping a four-day winning streak, as US curbs on some Nvidia chip exports to China amplified trade tensions between the top economies. Among currencies, the Thai baht surged as much as 33.22 per US dollar for the first time since October 21, 2024, driven by a softer greenback, record high gold prices and China’s better-than-expected economic growth in the first quarter. Thailand is a major gold trading hub in the region, and its currency is closely linked to the commodity’s price....