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Investors shun Thailand as growth weakens, political protests heat up

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BANGKOK: A selloff in the Thai baht, underperforming stocks and pressure on the bond market reflect growing concern from global investors over ...

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.

 

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