China’s spluttering economic recovery weighs on Thai assets
SINGAPORE: Thailand’s stock market has become the symbol of investor disenchantment with China’s economic reopening, going from market darling in January to Asia’s second-worst performing market by June, with little sign of a turnaround.
Not only has the promised export boom and tourism boost from China’s return after three years of Covid-19 pandemic lockdowns failed to materialise, a political logjam at home has become another drag on the SET index.
After a jump in early January, the market is now down more than 6%…
