Economics
Thai Exchange Chief Confident Foreigners Will Return to Stocks
- Economic growth, company profits are reasons to buy equities
- Foreign investors have over $6 billion in Thai stocks in 2018
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Thailand’s pace of economic growth and corporate earnings will help attract the return of foreign investors to the nation’s equities after the prospect of higher U.S. interest rates and a global tariff dispute spurred a more than $6 billion exodus of international funds, according to the stock exchange’s chief.
The nation’s growing economy and the performance of stocks is “good information for investors to digest whether it’s the right time to come back,” Pakorn Peetathawatchai, president of the Stock Exchange of Thailand, said in an interview with Bloomberg Television.