2018 was a grim year for equities all round, as only two exchanges in all of Asia Pacific — Mumbai and Wellington — ended the year with positive returns.
Shanghai, (-24.9%) for the year to Dec 27, was the world’s second-worst performer behind Athens (-25.5%).
But according to Nikkei editors Thailand, for example, who raised its key interest rate for the first time in seven years, is among Asian equity markets likely to attract buyers if investors rethink their portfolios as the U.S. economy slows and the Fed reviews its monetary policy.
Foreign investors were net sellers on the SET for the fourth year out of the past five (2016 was the exception with net buying of 77.9 billion baht).
But their net sales in 2018, at 287.45 billion baht, were more than 10 times the 2017 total of 25.75 billion, says the Bangkok Post.
For the year, Singapore and Philippine stocks also lost more than 10% each as trade tensions between the US and China sapped risk appetite and caused heavy capital outflows.
Indonesian stocks declined the least, falling about 2.5%.
Thailand’s Stock Exchange (SET)’s board elects Prasarn Trairatvorakul as new Chairman
The Stock Exchange of Thailand (SET)’s Board of Governors (BoG) today resolved to elect Prasarn Trairatvorakul as the 17th Chairman of the Board to succeed Chaiyawat Wibulswasdi whose term has ended
The Stock Exchange of Thailand (SET)’s Board of Governors (BoG) today resolved to elect Prasarn Trairatvorakul as the 17th Chairman of the Board to succeed Chaiyawat Wibulswasdi whose term has ended, as well as to name Pichet Sithi-Amnuai as Vice Chairman. The current BoG has a three-year tenure, effective from today to February 4, 2024.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Thailand’s Stock Exchange (SET) market report for January 2021
BANGKOK – The Stock Exchange of Thailand (SET) Index rose in
January, though a new wave of COVID-19 pandemic in domestic market prompted the
government to impose a partial lockdown and the inter-provincial travel
restriction in some areas.
Thailand’s economic outlook for 2021
The government expects inbound tourism to be at around 8 million by the second half of 2021, well below 40...
How Vietnamese goods entered into foreign distribution channels
Consumers around the world are interested in many Vietnamese agricultural products, such as mango, banana, lychee, longan, and dragon fruit....
First group of foreign tourists completes 14-day Golf Quarantine in Thailand
Thailand’s golf quarantine was created in line with the government’s strict COVID-19 prevention and control measures that required golfers to...
Thailand ranked 3rd in ASEAN on Economic Freedom Index
Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which...
Finance Ministry Considers Additional Incentives to Increase NSF Members
Loading... BANGKOK (NNT) – The Finance Ministry is considering additional incentives to increase members in the National Savings Fund (NSF)...
Why Thai Firms Should Care About the Career Stage of China’s Officials
In Chinese bureaucracy, large-scale leadership turnover happens every five years, right on the heels of the Party’s National Congress: think...
Subscribe via Email
Economics1 week ago
1.7 million Thais without smartphones register for "Rao Chana" benefits
Startups1 week ago
Traveloka to launch financial services in Vietnam and Thailand
United States1 week ago
US pledges to enhance cooperation with Mekong subregion’s countries
China1 week ago
Mainland China is in no position to take Taiwan by force