Krungthai Asset Management (KTAM) has highlighted three factors that warrant caution for investors, urging them to sell US dollars, US bonds and US tech stocks amid ongoing uncertainties.
Nattha Mahattana, assistant managing director for investment strategies at KTAM, said the fight over the US debt ceiling between the Democrats and the Republicans may cause serious turmoil in the global financial markets.
"If the tactic of playing hard drags on until the Treasury runs out of money, causing the US government to temporarily default on debt payments, such disgusting behaviour must finally come to an end," he said.
