Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Cross Asset Strategy

<ul><li>(-) US September core CPI is expected to rise to 2.50% from 2.40% in August, weighing on stock market sentiment today.</li><li>(-)Brent remains elevated amid concerns over tight oil supply due to Middle East tensions, supporting PTTEP, SPRC and BCP.</li><li>(+)The IMF raised its 2026 Thailand GDP growth forecast to 2.1%, reflecting indirect benefits through technology supply chains.</li></ul>

(-) US September core CPI is expected to rise to 2.50% from 2.40% in August, weighing on stock market sentiment today.(-)Brent remains elevated amid concerns over tight oil supply due to Middle East tensions, supporting PTTEP, SPRC and BCP.(+)The IMF raised its 2026 Thailand GDP growth forecast to 2.1%, reflecting indirect benefits through technology supply chains.

Leading Air Cargo Price Platform, TAC Index

TAC Index

Leading Air Cargo Price Platform

TAC Index Is the Leading Provider of Risk Management Information Services for the Air Cargo Industry, Delivering Market-Neutral, Innovative Products That Empower Economists, Financial Institutions, and Governments to Make Smarter, Data-Driven Decisions and Reduce Their Exposure to Air Cargo Trade Risk.

<ul><li>Global air freight rates edged a little lower last week according to the latest data from TAC Index, the leading price reporting agency on air freight markets and calculating agent for the Baltic Air Freight indices.</li><li>The global Baltic Air Freight Index (BAI00) eased lower by -2.1% over seven days to October 12, leaving it still ahead by +24.3% year-on-year.</li><li>A slight drop was not unusual for the Golden Week holiday period in China when factories often shut down and volumes decrease.</li></ul>

Global air freight rates edged a little lower last week according to the latest data from TAC Index, the leading price reporting agency on air freight markets and calculating agent for the Baltic Air Freight indices.The global Baltic Air Freight Index (BAI00) eased lower by -2.1% over seven days to October 12, leaving it still ahead by +24.3% year-on-year.A slight drop was not unusual for the Golden Week holiday period in China when factories often shut down and volumes decrease.

TAC Index Weekly Air Cargo Bulletin 12.OCTOBER.2026

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>The KOSPI is rolling over again, with foreign selling accelerating and technical indicators weakening.  Rising bond yields and massive retail losses from leveraged ETFs are adding to selling pressure.</li>
<li>The dominant technical picture is bearish, with the index in a confirmed downtrend across all major timeframes.  Momentum and trend indicators, Bollinger Bands, and Fibonacci levels are breaking down simultaneously.</li>
<li>The weight of evidence strongly supports the view that, for institutional allocators with risk management constraints, Korea is materially less investable today than at any point in the past decade.</li>
</ul>


The KOSPI is rolling over again, with foreign selling accelerating and technical indicators weakening.  Rising bond yields and massive retail losses from leveraged ETFs are adding to selling pressure.
The dominant technical picture is bearish, with the index in a confirmed downtrend across all major timeframes.  Momentum and trend indicators, Bollinger Bands, and Fibonacci levels are breaking down simultaneously.
The weight of evidence strongly supports the view that, for institutional allocators with risk management constraints, Korea is materially less investable today than at any point in the past decade.


KOSPI CRASHING AGAIN: S.O.S. - Save Our Seouls !!

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>Cover Story: China’s AI Battle Moves From Chatbots to Agents Upload a set of spreadsheets to Tencent’s WorkBuddy and an agent can analyze the data and build an interactive dashboard.</li><li>Ask ByteDance’s Doubao Work to go through product comments, and it can identify what buyers like, recommend products to promote, and prepare advertising images and copy in several languages.</li><li>China’s Bank Resolution Regime Rated ‘Materially Non-Compliant’ by Global Watchdog The Chinese mainland’s bank resolution regime was rated “materially non-compliant” by the Financial Stability Board (FSB), which cited limited funding capacity and insufficient operational readiness for managing the failure of systemically important lenders.</li></ul>

Cover Story: China’s AI Battle Moves From Chatbots to Agents Upload a set of spreadsheets to Tencent’s WorkBuddy and an agent can analyze the data and build an interactive dashboard.Ask ByteDance’s Doubao Work to go through product comments, and it can identify what buyers like, recommend products to promote, and prepare advertising images and copy in several languages.China’s Bank Resolution Regime Rated ‘Materially Non-Compliant’ by Global Watchdog The Chinese mainland’s bank resolution regime was rated “materially non-compliant” by the Financial Stability Board (FSB), which cited limited funding capacity and insufficient operational readiness for managing the failure of systemically important lenders.

CX Daily: China’s AI Battle Moves From Chatbots to Agents 

Global Equities, Multi-Asset PM, Dantes Outlook

Damanick Dantes, CMT

Global Equities, Multi-Asset PM

Dantes Outlook

We invest over a full market cycle, using multi-asset portfolios tailored to each global client, from individuals to family offices.

Built to Endure

<ul>
<li>Participation is broadening across markets as cap-weighted U.S. leadership narrows to a handful of stocks.</li>
<li>We stay invested in core trends and see room for emerging opportunities like China ADRs, which saw an upgrade. See our sample portfolio.</li>
<li>For Asia-focused investors, the dollar's softening is concentrated against EM Asia currencies and the carry complex despite the dollar index's bias against EUR.</li>
</ul>


Participation is broadening across markets as cap-weighted U.S. leadership narrows to a handful of stocks.
We stay invested in core trends and see room for emerging opportunities like China ADRs, which saw an upgrade. See our sample portfolio.
For Asia-focused investors, the dollar's softening is concentrated against EM Asia currencies and the carry complex despite the dollar index's bias against EUR.


Cross-Asset Rotations: China, Asia FX, Commodities, and More