Thai Baht and Stocks Sink on Stimulus Funding Worries

The baht fell to a 10-month low against the US dollar amid concerns over massive bond issuance to fund stimulus.
The Stock Exchange of Thailand index slipped closer to 1,500 points due to continued fund outflows.
Investors are seeking more details on the new government's borrowing plans to finance ambitious programs.
The government plans to sell up to 272 billion baht in bonds from October to December.
Foreign investors continued selling Thai stocks and bonds, weighing on the equity market.

bangkokpost.com

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9/21/2023

Baht Slides as Hawkish Fed Rattles Markets, Analysts See Further Depreciation Through Year End

The Thai baht is expected to weaken further due to increased volatility in global money and capital markets after the US Federal Reserve's hawkish comments regarding its benchmark interest rate.