Investors shun Thailand as growth weakens, political protests heat up

BANGKOK: A selloff in the Thai baht, underperforming stocks and pressure on the bond market reflect growing concern from global investors over political instability and the growth outlook in Southeast Asia's second-biggest economy, analysts and fund managers say.

"I think no other country has these two or three problems going on at the same time, as if the COVID-19 situation isn't bad enough," said OCBC Bank economist Howie Lee. Thailand's benchmark stock index is down 17 per cent for the year, having suffered foreign outflows in every month till August - lagging a 5 per cent gain in Asian markets.

Business Business Latest News, Business Business Headlines

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

Manpower Ministry to review companies whose 'Singaporean core has been weakening': Josephine TeoSINGAPORE: The Ministry of Manpower (MOM) intends to review the hiring practices of companies whose 'Singaporean core has been weakening', as well ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian stocks edge lower after Wall Street dips in month-end tradeAsian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »