Capital markets become victim to Thailand’s political uncertainty, prompting foreign investors to dump Thai markets

[webfact]

The continued uncertainty about the formation of the new government has pushed foreign investors to continue to sell down equities and bonds in Thailand.

 

Foreign investors, a cornerstone for stability in the highly liquid and retail market driven Stock Exchange of Thailand (SET), have been selling down Thai equities since the preliminary results of the elections were announced in the wee hours of May 15th 2023.

 

Thailand held its general elections on May 14th that has left the country with a hung parliament with the ultra-left wing – Move Forward party, managing to get 151 seats in the 500 seat lower house of the parliament while center-left – Pheu Thai party, managed to get 141 seats.

 

By Enquistock

 

Full story: https://www.thaienquirer.com/49852/capital-markets-become-victim-to-thailands-political-uncertainty-prompting-foreign-investors-to-dump-thai-markets/

 

-- © Copyright Thai Enquirer 2023-06-06

 

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[stoner]

55 minutes ago, webfact said:

have been selling down Thai equities

as they should. thai politics is not good for business. 

[BlueScouse]

the ultra-left wing – Move Forward party,   ???

[fondue zoo]

We had to act, the country was in peril, economy teetering on the edge. All the uncertainty was making everyone uncertain, but were they uncertain? maybe. Doesn't matter, think too much.

 

Edited June 6, 2023 by fondue zoo

[ikke1959]

Results again of a failing army driven Government with delays in announcing official election results, silly rules about media shares, 1 or 2 persons who can hostage the whole country, appointed senators, which don't like changes, which takes the forming of a new Government takes months and months and in the meantime the old school stays in caretakerpower. No progression is always going backwarths

 

[h90]

47 minutes ago, BlueScouse said:

the ultra-left wing – Move Forward party,   ???

yes, read carefully what they say...some things are close to communism...Hiding behind a fresh new young appearances

[h90]

2 minutes ago, ikke1959 said:

Results again of a failing army driven Government with delays in announcing official election results, silly rules about media shares, 1 or 2 persons who can hostage the whole country, appointed senators, which don't like changes, which takes the forming of a new Government takes months and months and in the meantime the old school stays in caretakerpower. No progression is always going backwarths

 

Did you read it? they are afraid of ultra-left wing....as every business should be. No business has a problem with a right wing army government. The left wing is stealing the money.

[2baht]

5 minutes ago, h90 said:

The left wing is stealing the money.

Don't all political parties steal money? That's why competition for the trough is so intense!

[h90]

1 hour ago, 2baht said:

Don't all political parties steal money? That's why competition for the trough is so intense!

Sure does.....But the left wing not only steal for themself, they also hand out money for the poor which is even worse economically.

[ikke1959]

1 hour ago, h90 said:

Did you read it? they are afraid of ultra-left wing....as every business should be. No business has a problem with a right wing army government. The left wing is stealing the money.

who wrote the article??? army based or not army based... and than there is the richest person in the world too.. a little bit shortsighted... all institutions who don't like changes.. 

[BritScot]

1 hour ago, h90 said:

Sure does.....But the left wing not only steal for themself, they also hand out money for the poor which is even worse economically.

Really! Subs, aircraft and tanks they the people who were arrested for daring to protest about corruption even before they went anywhere, just sitting on a train.

[In Full Agreement]

[sammieuk1]

The ultra peoples choice party more like ????

[hotchilli]

5 hours ago, webfact said:

The continued uncertainty about the formation of the new government has pushed foreign investors to continue to sell down equities and bonds in Thailand

So tell the EC to pull it's finger out and give us a result.

[Purdey]

4 hours ago, h90 said:

some things are close to communism

Really? I sometimes feel there are people who view liberalism as communistic. Communism would imply the means of production are owned communally and private property is nonexistent or severely curtailed. 

Communism per se is a political and economic ideology that opposes liberal democracy and capitalism

I haven't seen sign of that yet but feel free to enlighten everyone.

[zyphodb]

7 hours ago, BlueScouse said:

the ultra-left wing – Move Forward party,   ???

Exactly, they're all neo-liberals...