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Thailand Now Has the World’s Worst Stock Market

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Thailand Now Has the World’s Worst Stock Market

By Anuchit Nguyen

 

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Photographer: Brent Lewin/Bloomberg

 

Rising coronavirus cases in Thailand dimmed the outlook for a quick rebound in tourism, sending the nation’s equities benchmark to rank as the world’s worst performer.

 

Thailand’s SET Index’s 5.1% slump on Wednesday, most in six years, came after the government said confirmed cases of the virus rose by three to 40, fueling fears of a wider spread. The benchmark gauge’s 14% decline this year, the most among the world’s key equity indexes, has also plunged it into a bear market from a recent high.

 

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The virus outbreak hit tourism-reliant Thailand particularly hard because Chinese tourists, its biggest source of foreign visitors, have all but vanished. Income from tourism, accounting for about fifth of the economy, tumbled last month. That’s exacerbated the effects of a severe drought, a delay in the government’s budget and an export slump in Southeast Asia’s second-biggest economy.

 

Full story: https://www.bloomberg.com/news/articles/2020-02-27/thailand-sinks-to-world-s-worst-stock-market-as-tourism-smashed

 

-- Bloomberg 2020-02-27

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what are good thai stocks to pick up on the deep before the world enter into a zombie apocalypse lol ?

Edited by freeman01

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Ok, where the face saving counter claim?...……......Bring it on! Lie if you have to!

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These damaging articles increasingly appear in subforums that are less popular. 

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