News Forum - Thai stocks shed by foreign investors amidst delayed US rate cuts

[Thaiger]

The Stock Exchange of Thailand (SET) reported that foreign investors offloaded Thai stocks to the tune of 68.9 billion baht (US$ 2 billion) in the first quarter, with 41.2 billion sold in March alone. This trend is linked to the delayed US interest rate cuts, weaker financial performance of Thai companies compared to those on … …

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[ChrisS]

"The Stock Exchange of Thailand (SET) reported that foreign investors offloaded Thai stocks to the tune of 68.9 billion baht (US$ 2 billion) in the first quarter, with 41.2 billion sold in March alone. This trend is linked to the delayed US interest rate cuts, weaker financial performance of Thai companies compared to those on other exchanges, and overall economic conditions."

Not good news taken together with a weakened THB.

[EdwardV]

US inflation has remained stubborn and in fact increased from 3.2% in February to 3.5% in March. A by-product of a robust US economy and the continued reshoring of the manufacturing sector. The US Fed was considering a small interest rate cut in June, now it might not happen at all this year.