Thai stock exchange president says new measures have reduced market volatility 'signficantly'

As part of those adjustments, the Stock Exchange of Thailand revised circuit breaker trigger values were so that trading can be temporarily halted at an earlier stage. While these were initially part of a slate of temporary changes, the exchange announced Monday that the circuit breaker revisions would be permanent.

With these changes, "investors have more time to digest the information especially during the that there are a lot uncertainty like now," Peetathawatchai told CNBC's "Street Signs" on Tuesday. Previously, the temporary trading halts were triggered at the -10% and -20% levels, which Peetathawatchai said was "quite a big number." The Stock Exchange of Thailand revised those levels to -8%, -15% and -20%.

Other steps include changes to the ceiling and floor criteria, reducing the movement limits of stocks. The Stock Exchange of Thailand also announced that short-selling would temporarily only be allowed at prices higher than the last trading price. These new protocols are scheduled to last until June 30, but could be lifted earlier.had risen more than 22% from its 52-week closing low in March. Still, the index has shed about 20% so far in 2020.

really? Like fed pumping money and backstopping every market....which ironically is not capitalist or free market.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thai scientists report 1st COVID-19 death after catching from dead body - Business InsiderScientists said morgue and forensic workers should have the same disinfectant procedures as those in the front lines treating live COVID-19 patients. Hmm... YIKES!!!!! Has there been a published forensic explanation with irrefutable data? DontBuyIntoTheBullshit ClickBait YoureSmarterThanThis
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock-market bull warns investors not to ‘chase the rally’ as ‘epic battle’ between Fed and coronavirus unfoldsCanaccord Genuity chief market strategist is no stranger to bullish stock-market calls, but after a remarkable run for U.S. stocks over the past few weeks,... Gold is terribly dealing with bears. I doubt they even venture it 1st this is NOT a typical “bear market.(Panic) 2nd the market has not reflected the working class economy for decades (faux relief) 3rd the global pandemic is making money for Insiders (rally) 4th Taxpayers bail out banks & corporation already paying net $ 0% (frustration) Main Street America experiences massive loss of income,feels pain & uncertainty, and gets a tiny Congress stimulus (basically a good’ol “addaboy,hang in there”). Wall Street America experiences massive wealth protection, feels euphoria & confidence, and gets a Huge Fed Bailout.
Source: MarketWatch - 🏆 3. / 97 Read more »