Singapore Overtakes Thailand to Become Asia’s Worst Stock Market

Ishika Mookerjee

 

 

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Singapore stocks took a beating this week amid the twin uncertainties of the U.S. election and the worsening pandemic in the West, overtaking Thailand to become Asia’s worst equity market this year.

 

The Straits Times Index fell about 1% on Friday, taking the 2020 decline so far to 25%, compared with a fractionally smaller loss for Thailand’s SET index. The city-state’s gauge, which relies heavily on exports, is down about 4.3% this week, among the region’s worst performances.

 

Full story: https://ca.finance.yahoo.com/news/singapore-overtakes-thailand-become-asia-082006110.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIGejdrLTo78xoE6QYVkHw1GqzBPerF2FTMWn1x019_gM5VaWSNdSJVG13N_sNjKR036eGzZf8xph_y6RYsDTJcDd0dnHe_T3QlTJ-qbweY9ih31A9RMEAisVNTM2fqATnJkSAmadzQbb9XrNllAZxYXEqhl1GY3WTpEUQ0N3E56

 

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If Thailand had Asia's worst Stock Market then why was the baht value so high ? This is why so many people believe there is always some kind of currency manipulation going on .

42 minutes ago, keith101 said:

If Thailand had Asia's worst Stock Market then why was the baht value so high ? This is why so many people believe there is always some kind of currency manipulation going on .

Please explain how a currency is tied to it's Stock Market?