Thai asset manager braces for fluctuations

The euro-zone crisis may create volatility in the Thai stock market in the third quarter, predicts One Asset Management.

The prospects of high volatility within a wide range of 980 to 1,300 points.

Chief executive Win Udomrachtavanich said market sentiment for the next four months will remain volatile.

He expects the Thai share index will stay within a range of 1,084 to 1,160 points and that funds will flow out if the situation deteriorates.

"In my opinion, Greece will continue its membership in the euro zone, and other financially ailing countries will be supported by the European Central Bank and the

European Financial Stability Facility," said Dr Win.

Still, he believes the problems will worsen in the third quarter, prompting a shift to low-risk asset classes and further stimulus from the EU and US.

For more.

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