The currency could fall to 4.50 against the dollar, says Adam Reynolds, CEO, Asia Pacific of Saxo Bank Group.» Read More
Adrian Dunn, CIO at Brooker Dunn Asset Advisory, says the deadly bomb attack is one of the many economic and political problems that Thailand is currently facing.
Roy Teo, senior FX strategist at ABN AMRO Bank, says Thailand's tourism industry will likely be impacted in the near term, thereby raising the risk for more fiscal and monetary stimulus.
Kim McQuay, Country Representative for Thailand at The Asia Foundation, says Thai authorities seem determined to conduct the investigations in a "methodical" and "mature" manner.
Pakorn Peetathawatchai, head of corporate strategy & finance division, Stock Exchange of Thailand (SET), outlines the importance for the stock market to remain open despite Monday's deadly explosion.
While the deadly explosion has resulted in short-term cancellations, Dillip Rajakarier, CEO of Minor Hotel Group, believes that Thailand's tourism industry can recover as it has done previously.
Darren Buckley, president of the American Chamber of Commerce (AmCham) Thailand, says the deadly bomb blast in central Bangkok on Monday won't sway investor sentiment.
While the deadly bomb attack will likely impact tourist confidence, tourist arrivals, in particular from China, have not been affected at the moment, says Patee Sarasin, CEO of Nok Air.
The site of Monday's deadly bomb blast is an important location which exemplifies political struggles in Thailand, says Aim Sinpeng, lecturer in comparative politics at The University of Sydney.
Some economists are warning that Monday's deadly bomb blast could tip Thailand's economy into a crisis. CNBC's Sri Jegarajah reports from Bangkok.
LONDON, Aug 18- A 6 percent fall in Chinese shares on Tuesday hit Asian stocks and left European equities struggling for gains while emerging market currencies and oil prices touched multi-year lows. The commodity sell-off is also weighing on sentiment today, "said Craig Erlam, senior market analyst at Oanda in London. Britain's FTSE 100 fell 0.3 percent.
LONDON, Aug 18- Stocks fell on Tuesday, with European markets buckling under heavy selling pressure carried over from Asia after Chinese shares slumped 6 percent and emerging market currencies and oil prices remained anchored at historic lows. "European equity markets are taking their cues from China, and traders' suspicion is that the second largest economy...
BANGKOK, Aug 18- A bomb that ripped through a religious shrine in Bangkok's commercial heart, killing 22 people and wounding more than 100, could deal a heavy blow to a tourism sector that has been one of the few recent bright spots for Thailand's struggling economy. "Our Japanese customers have all checked out this morning and bookings have also been cancelled,"...
*US rate hike, China slowdown hit Asian shares. TOKYO, Aug 18- Asian shares fell to a two-year low on Tuesday on worries that cooling demand in China will weigh on the trade-reliant region, while the dollar held firm after strong U.S. housing data offset concerns from a weak manufacturing report. Concerns that the slowdown in China will hurt other Asian countries...
Thailand's PM said authorities were looking for a "suspect" seen on CCTV after the bombing that killed 22 people.
Steve Wilford, Asia Pacific Director for Global Risk Analysis at Control Risks Singapore, says Monday's explosion indicates that political risks remain high after 2014's military coup, which have resulted in intermittent security risks.
Kasem Prunratanamala, head of Thailand Research from CIMB, says the bomb explosion which occurred in one of Bangkok's most renowned shrines on Monday is the "worst attack" on the country in 40 years.
*Thai baht at 6- year low after Bangkok bomb attack. Japan's Nikkei rose 0.1 percent and most shares markets in Asia rose, lifting the MSCI's broadest index of Asia-Pacific shares outside Japan 0.4 percent from its two-year low marked on Monday. Still, one would hesitate to brush it aside when it is hitting the lowest level since April 2009, when the world was still...
Following the deadly explosion, markets will be monitoring the impact on Thailand's tourism sector, says Callum Henderson, global head of FX research at Standard Chartered.
While the deadly bomb explosion has shaken the country, life in Thailand has resumed to "relatively normal" levels on Tuesday, says Thailand-based co-founder of MBMG Group, Paul Gambles.
*Thai baht at 6- year low after Bangkok bomb attack. The dollar-denominated MSCI broadest index of Asia-Pacific shares outside Japan was flat near its two-year low marked on Monday. Still, one would hesitate to brush it aside when it is hitting the lowest level since April 2009, when the world was still reeling from the aftermath of the Lehman shock, "said Chotaro...