Eastspring Asset Management (Thailand) is to prioritise its investments in China, the rest of Asia and the US in the second quarter, with a focus on tech and high-growth stocks that would continue the growth from the first quarter.
Chief executive Darabusp Pabhapote said the company may shift investment to the US, China and European stock markets on expectations that these markets would continue to expand in the second quarter.
In the first three months, the US, China and European markets reported good returns, with those of the S&P500 surging 7.03%, along with increases of 4.63% on China’s CSI300 and 7.75% on Europe’s STOXX 600. That compares to negative performances on the stock markets of Thailand, India and Indonesia over the same period.
The Stock Exchange of Thailand index was down 3.57% in the first quarter, as India’s SENSEX dropped 3.04% and the JCI index…
