BangkokPost-Feb 4

Tourists aren’t the only ones staying away from Thailand since the outbreak of the novel coronavirus in Wuhan. Overseas investors are also pulling out.

International funds withdrew US$562 million from Thai equities last month, the biggest sell-off in the first month of any year since 2011, according to a data compiled by Bloomberg. More withdrawals are likely as overseas investors expect the baht to weaken with tourism from China drying up, according to Asia Plus Securities.

Read more at: https://www.bangkokpost.com/business/1850199/foreigners-avoid-thai-stocks-with-fewer-tourists-squeezing-baht#cxrecs_s