Thai bourse unfazed by radical Trump policies

[webfact]

Thai bourse unfazed by radical Trump policies
By SASITHORN ONGDEE
THE NATION

 

Trump

 

THE STOCK Exchange of Thailand has risen unhindered despite the election of Donald Trump as US president and has been climbing since the beginning of the year, on the strength of outperforming corporate earnings.

 

 

The SET Index, however, seems to have mixed a dose of caution as Trump takes office today, to provide for a wait-and-watch period. 

 

The index rose by 30 points or almost 2 per cent to close at the peak of 1,572 points yesterday. However, because of recent capital outflows, the baht has depreciated against the US dollar.

 

Many research houses do not expect any significant impact on the Thai equity market despite sales worth more than Bt50 billion by foreign investors during the months before the US election late last year. 

 

Full story: http://www.nationmultimedia.com/news/national/30304493

 

-- © Copyright The Nation 2017-01-20

[Emster23]

Thailand should do fine, as it is like a Republican wet dream: a cowed, subservient populace that bows down to "superiors"; real estate tax? what's that?; no votes or political debate; defamation laws where truth is no defense; lese majeste law also includes illegal to insult foreign heads of state; xenophobia; corruption cronyism and totally unqualified people heading agencies, etc etc

[Sphere]

2 hours ago, webfact said:

The index rose by 30 points or almost 2 per cent to close at the peak of 1,572 points yesterday.

 

Don't know where the Nation gets its figures from....

 

[kaleevala]

"RADICAL TRUMP POLICIES"? You mean like Fair Trade?

[elgordo38]

6 hours ago, Emster23 said:

Thailand should do fine, as it is like a Republican wet dream: a cowed, subservient populace that bows down to "superiors"; real estate tax? what's that?; no votes or political debate; defamation laws where truth is no defense; lese majeste law also includes illegal to insult foreign heads of state; xenophobia; corruption cronyism and totally unqualified people heading agencies, etc etc

Yes a definite formula for success. Trump will soon loosen up the laws so that the new government can do the same. All in the name of making America Great Again. We pensioners have a ring side seat to watch and then with age we have only a few years left to enjoy the madness. I think this is a good thing.