$5.9 bn foreign funds flow out of Thailand
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An amount of foreign capital worth US$5.9 billion has left Thailand so far this year, according to the Bank of Thailand.
Roong Mallikamas, head of the macroeconomics and monetary policy department at the Bank of Thailand, said that of total, around $3 billion (approximately Bt108 billion at the US$/Bt36 exchange rate) left the Thai stock market and the remaining $2.9 billion (Bt104.4 billion) from the bond market.
The Stock Exchange of Thailand's data showed that year to date, foreign net-selling of Thai shares have reached Bt107.5 billion as of September 30.
"The capital outflows accelerated in August on growing concerns about the global economic condition as well as the plunge in Chinese stock markts. The central bank will closely monitor the situation," the central bank's official said.
