Foreign capital influx continues into Thailand

[CrazyExpat]

BANGKOK, Aug 14 -- Foreign capital inflows continued entering Thailand in early August on the back of improved foreign investor confidence in the Thai economy coupled with declining worries over domestic politics and higher yields on high expectations that local interest rates would rise, said Bank of Thailand (BoT) deputy governor Bandid Nijathaworn.

Mr Bandid said about US$187 million in foreign capital inflows entered the Thai stock market between August 2-6 and over US$400 million entered the bond market between August 3-9.

Foreign investment in the bond market was higher than the equity market, probably due to the existing volatility in the foreign currency market and the sensitivity of the fundamentals of stocks, he said.

The bond market has lesser volatility while there are trends of rising interest rates making long-term investors become more enthusiastic in investing in the bond market, Mr Bandid said.

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Foreign capital influx continues into Thailand