Korat-Farang.com

Billion dollar outflow from Thailand on election worries

Alfie · 3 · 210

0 Members and 1 Guest are viewing this topic.

Offline Alfie

  • Forum Guru
  • **********
    • Posts: 8322
The Thai stock market suffered $704 million in foreign outflows in the first three weeks of June and a $551 million outflow in May as several brokers advised investors to sell, waiting to see the election outcome and the formation of a new government.

http://www.reuters.com/article/2011/06/20/markets-thailand-stocks-idUSL3E7HK06N20110620

Last Friday (24 June) the Stock Exchange of Thailand main index rose 8.81 points or 0.87% to close at 1,022.94 points.  
There are none so blind as those who will not see.


Offline Alfie

  • Forum Guru
  • **********
    • Posts: 8322
Investors like stability. No one knows what will happen after the election.  Thai politicians may well be cowboys, but this is ain't Texas, Dorothy!
There are none so blind as those who will not see.


Toddy

  • Guest
Has anyone else noted that EVERY weekend the Thai Baht strengthens against major currencies such as USD/GBP?? The move can be as much as 0.5 Baht, which doesn't seem much, but in one day, every weekend??? The next day it is back up. Something fishy going on. I never send money over at a weekend. Thursday seems like a good day!!