Investor sentiment strong enough to survive Thai rate hike

The widely expected tightening in monetary policy confirms the optimism about domestic growth, although analysts warn that Thailand has lost a key catalyst for continued outperformance.

Investor sentiment strong enough to survive Thai rate hike
Sentiment towards Thailand remains positive despite downside risks

Thailand has been a talking point among equity investors lately as an air of political stability has settled over the country since the July 3 elections, which passed without violence. This has added further support to the local stock market, which as of last night was the third best performing market in Asia this year after the Philippines and Indonesia, and among the rare few markets globally that are still in positive territory.

It has...

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