Baht Weakens Amid Turmoil in Thailand's Ruling Coalition

0220 GMT — The baht weakens in morning Asian session amid turmoil in Thailand's ruling coalition government. Thai Prime Minister Paetongtarn Shinawatra faces political fallout after a leaked phone call between her and Cambodia's former leader Hun Sen related to the border dispute between the two countries, CIMB research analysts say in commentary. The knock-on effect has been that Bhumjaithai, the second-largest party in the coalition, is withdrawing from the government. This leaves the government with a slim majority and there are worries over political stability, the CIMB analysts add. USD/THB rises 0.4% to 32.79. (ronnie.harui@wsj.com)
0045 GMT — Asian currencies consolidate against the dollar as traders assess the Fed's hawkish tone and ongoing Middle East tensions. The FOMC's statement and Fed Chair Powell's remarks overnight indicate deepening worry over inflation despite signs of economic slowdown. Meanwhile, the Israel-Iran conflict has continued, with Israel's military saying it struck more than 20 military targets in and around Tehran. USD/KRW is little changed at 1,376.34; AUD/USD edges 0.1% lower to 0.6502; USD/SGD is steady at 1.2856. (ronnie.harui@wsj.com)

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Does The Market Have A Low Tolerance For GreenTree Hospitality Group Ltd.'s (NYSE:GHG) Mixed Fundamentals?

It is hard to get excited after looking at GreenTree Hospitality Group's (NYSE:GHG) recent performance, when its stock has declined 18% over the past three months. We, however decided to study the company's financials to determine if they have got anything to do with the price decline. Stock prices are usually driven by a company's financial performance over the long term, and therefore we decided to pay more attention to the company's financial performance. Specifically, we decided to study GreenTree Hospitality Group's ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. 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Here's what a post-Ayatollah Iran could look like if war with Israel leads to regime's fall

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