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Foreign investors flee Thailand as Iran war, energy shock dash hope for economic revival
Foreigners pulled $823 million from Thai stocks in March as higher oil prices threatened growth and widened pressure on the baht.
- Foreign investors are selling Thai assets as an energy shock from the U.S.-Israeli war on Iran threatens Prime Minister Anutin Charnvirakul's economic revival plans, sending global oil prices near $100 a barrel.
- Bangkok's challenge is acute as public debt reaches 66% of GDP, nearing the government's 70% ceiling, while Thailand remains highly exposed with the Middle East supplying nearly half of its oil and gas.
- Investors pulled $823 million from equities and $705 million from bonds in March, marking the largest combined outflow since October 2024, while the Thai baht slid about 2.8% since the war began.
- Aberdeen Investments manager Nattanont Arunyakananda warned that "if the shock extends beyond April, it stops being just a headline issue and starts feeding into day-to-day operations."
- Inflation is projected to rise as much as 3.5% this year, a sharp reversal from the 0.54% contraction in the first quarter, as high oil prices weigh on consumption and tourism, Thailand's key economic drivers.
10 Articles
10 Articles
Foreign Investors In Thailand Pull Back From Investments As Regional Tensions Rise
BANGKOK – The Thai economy is facing a new wave of uncertainty. Just as Thailand began to see a flicker of recovery, a major energy shock triggered by conflict in the Middle East has sent foreign investors rushing for the exits. According to a recent report by The Nation Thailand, the sudden spike in global […] The post Foreign Investors in Thailand Pull Back From Investments as Regional Tensions Rise first appeared on Chiang Rai Times.
Foreign Investors Flee Thai Assets as Oil Shock Hits Bangkok
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