webfact Posted August 27, 2017 Share Posted August 27, 2017 While The Baht Is Outperforming, Thailand’s Stocks Are Worst Among Asian Peers By Surbhi Jain Thailand: Asia’s best-performing currency, but worst performing market The Thai baht has strengthened by about 7% against the greenback so far this year, beating all other Asian currencies. It is, undoubtedly the best performing Asian currency so far this year. However, its stock market tells a contrarian story. Despite is being up 10.88% YTD, Thailand’s stock market is the worst performing Asian market YTD. The table below lists stock market performances for the various Asian markets, YTD (as of August 24). We’ve taken the most popular ETF tracking that region’s equities for reference. Ticker US Exchange-traded Fund YTD % (as of August 24) THD iShares MSCI Thailand Capped ETF 10.88% EPHE iShares MSCI Philippines ETF 11.26% EIDO iShares MSCI Indonesia ETF 12.64% EWM iShares MSCI Malaysia ETF 14.36% EWS iShares MSCI Singapore Capped ETF 23.73% FXI iShares China Large-Cap ETF 25.35% EWT iShares MSCI Taiwan Capped ETF 26.46% EPI WisdomTree India Earnings ETF 29.01% EWY iShares MSCI South Korea Capped ETF 29.37% Thailand’s stock market is up 10.9% YTD; still lagging The Thai equity tracking iShares MSCI Thailand Capped ETF (THD) is up 10.9% YTD (as of August 24), while equity markets of other Asian (AAXJ) (VPL) economies such as South Korea (EWY) and India (EPI) are up 29.4% and 29%, respectively. Some of the largest stocks (by market capitalization) trading on the Thailand Stock Exchange has recorded dismal performance so far in 2017. Full story: https://fronteranews.com/news/while-the-baht-is-outperforming-thailands-stocks-are-worst-among-asian-peers/ -- FRONTERA 2017-08-28 Link to comment Share on other sites More sharing options...
Lupatria Posted August 28, 2017 Share Posted August 28, 2017 Let the glorious army have its stock market launch and become filthy rich in no time. Link to comment Share on other sites More sharing options...
eliotness Posted August 28, 2017 Share Posted August 28, 2017 The "elite" need a strong Baht so they can get their money out to a "safe haven" , but in the meantime agricultural produce for export has suffered a dramatic fall in value for the farmers. Link to comment Share on other sites More sharing options...
Jonnapat Posted August 28, 2017 Share Posted August 28, 2017 I remember from personal experience 15 years ago when both the Thai and Indonesia markets were level at around 600 points . Now the Indonesia market is 400% higher than the. Thai bourse. Link to comment Share on other sites More sharing options...
Jonmarleesco Posted August 28, 2017 Share Posted August 28, 2017 The only way for the Baht to have outperformed over recent years, through events that should, by rights, have sorely tested it, has been courtesy of currency manipulation. And it's hardly gained against the USD or Sterling; they've lost value. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now