Foreign investment to be downsized: expert

[rooster59]

Foreign investment to be downsized: expert

By THE NATION

 

 

The MSCI Emerging Market Index will downsize investment in Thailand’s stock market from 3.08 per cent to 3.01 per cent effective August 27, Capital Nomura Securities’ director of research and investment Koraphat Vorachet said on Friday.

 

 

He added that this will affect foreign investors who will withdraw their investment in Thailand’s stock market worth about Bt4.4 billion or Bt5 billion on that date.

 

Meanwhile, the MSCI Emerging Market has upped investment in China A-Share, and the stock market in Saudi Arabia, he said.

 

Following on from the downsizing, Capital Nomura Securities Plc has revised downwards the Stock Exchange of Thailand (SET) Index at the end of this year from 1,780 to 1,820 to between 1,750-1,800, he said.

 

Source: https://www.nationthailand.com/business/30375285

 

-- © Copyright The Nation Thailand 2019-08-24

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[ThomasThBKK]

Told you so ???? it's not only Nomura who are downsizing in Thailand. 

[RichardColeman]

Hmm, coupled with the banks downgrading of the security of your savings

[Thechook]

It's ok nothing to worry about, the rich and influential thais along with the Generals are buying foreign currency and investing abroad.

[Isaan sailor]

Not much to cover in this ChiCom satellite country.  Just refer coverage to the mothership—China.

[HeyHeyHey]

1 hour ago, Thechook said:

It's ok nothing to worry about, the rich and influential thais along with the Generals are buying foreign currency and investing abroad.

The foreign countries should confiscate the funds as it's guaranteed to be from crime.

 

Would be the first tax they paid in their life.

 

Except, of course, many of high positioned Thais have magical skill of saving 3700% of their salary.