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Tourism stumble risks perfect storm for reeling Thai markets

A shooting tragedy in a Bangkok mall adds to a double-whammy of rising rates and government spending worries that has hammered Thai assets and soured bets on the recovery of Asia's tourism giant. Thai tourism stocks slid 1.6% on Wednesday, dragging the benchmark index to its lowest since January 2021, while a stronger dollar sent the baht to an 11-month low. Foreign selling pressure has been building for weeks, with some $1.65 billion leaving Thai stock and bond markets since the start of...
Republic Of Krung Thep Mahanakhon Tom Westbrook Shri Navaratnam Chintana Kittiviboolmas Toreck Horchani
Source: yahoo.com

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