Possible US rate hike batters Thai market in July
Play
Foreign investors were net-sellers of Thai shares in July with net-sell of Bt26.46 billion in line with the expected increase in the US rate.
In a monthly statement, the Stock Exchange of Thailand said that other exchanges particularly Taiwan and South Korea also witnessed similar capital outflows.
Ending at 1,440.12 points, the SET index in the month went down 4.3 per cent from June and 3.8 per cent from the same period last year.
In July, the market capitalisation stood at Bt13.95 trillion. Daily turnover was at Bt38.7 billion, down by 4.79 per cent from the previous month.
