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Thailand curbs inflow of speculative money Post Reply Rate topic
billywows Elite	20-Dec-2006 00:31        billywows About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Nos .... Me just kay-poh-ing around only here. Nothing happening in tech to post these days. Heehee! Think Teeth has an 'ache' and on MC or holiday for now. Hope he comes back soon with his IPO stuffs! :)
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Nostradamus Supreme	20-Dec-2006 00:22        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi billy. I've been coming here daily. Just posting less frequently. But I noticed teeth's absence. I've contributed an article. So has singgal. How about one from you?
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billywows Elite	20-Dec-2006 00:11        billywows About Contact  Quote this Post!
x 0   x 0  Alert Admin	Glad to have you back again, Nostradamus! You really M.I.A lah .... like Teeth53 too now!
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hohokit Veteran	19-Dec-2006 23:51        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Uncertainty + temporary relief = move in and out of the market super fast.
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Nostradamus Supreme	19-Dec-2006 23:45        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Thai government said it would lift controls on foreign investment in stocks after the market plunged 19.5% intra-day on Tuesday, rattling regional bourses amid worries about a repeat of the 1997 Asian financial crisis. Finance Minister Pridiyathorn Devakula said that the controls would remain on foreign investments in bonds and commercial paper as part of central bank's measures to stem the surge in the Thai baht, which had risen to a nine-year high versus the dollar on Monday. This about-face adds uncertainty. Markets don't like uncertainty. So this could only provide temporary relief.
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iPunter Supreme	19-Dec-2006 22:17        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is done can't be undone... Better to start thinking which stocks are going to "cheong" tomorow. :)
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singaporegal Supreme	19-Dec-2006 22:05        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	completely ridiculous... this shows that no proper thought and planning went into this decision.
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billywows Elite	19-Dec-2006 22:01        billywows About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thai government reverses controls decision after market rout By Ciara Linnane Last Update: 8:56 AM ET Dec 19, 2006 NEW YORK (MarketWatch) -- The Thai government has reversed a decision to impose tough capital controls on foreign investors in the stock market after the benchmark SET index lost 15% overnight, according to Forex.com, a division of Gain Capital. The Thai central bank on Monday announced measures that would lock up 30% of new foreign currency deposits for a year and said the measures would become effective Tuesday. The central bank said it was trying to curb speculation that had caused the Thai baht to appreciate by about 17% against the dollar this year. "The government has now reversed the decision after seeing the effect," said Forex.com. The sell-off in Thailand spilled over into other Asian markets overnight.   8:47AM 12/19/2006 ========
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Nostradamus Supreme	19-Dec-2006 19:31        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thai stocks plummeted as much 19.5% to 587.92 before recovering some to close at 622.14, down 14.8%. It was the the market's biggest drop in 16 years (I think that's the history of the Stock Exchange of Thailand). Global emerging-market stocks headed for the biggest drop in three months after Thailand imposed currency controls on international investors, highlighting the risks of investing in developing economies. The Morgan Stanley Capital International Emerging Markets Index, which tracks 25 developing markets, fell 1.3% from a record to reach 883.36 at 10:13 a.m. in London. The measure is headed for the sharpest decline since Sept. 11. Thai capital controls could result in funds fleeing the global emerging markets including Asean. We may not have our Santa Claus rally this year.
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ed88ks Senior	19-Dec-2006 18:41        ed88ks About Contact  Quote this Post!
x 0   x 0  Alert Admin	with the markey this high any bad news can start the reason for a deep correction. it's a good excuse to get out and lock in the profit. but the fundemental is very dtrong as india and chine will be the driving forcr in the mid term. as for me i going to hold tight. i hope i am allright.
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pwcyan88 Member	19-Dec-2006 17:15        pwcyan88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The media recently reported outflow of funds from US to Asia/SE Asia, which would include Thailand. If Thai control measures results in outflow from Thailand, then the recepients would be neighbouring countries Malaysia, Singapore, Vietnam and lesser extend HK. If this is correct, then we would benefit a bit lah, after today's correction. Hope I'm not too optimistic, but X'mas coming hohoho ..
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Nostradamus Supreme	19-Dec-2006 16:46        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thai baht devaluation in 1997 started the Asian financial crisis. Malaysia followed suit with capital controls. While Thailand's current capital controls are not as severe, they could cause investment outflows from the region. This may result in a correction in the region.
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tanglinboy Elite	19-Dec-2006 14:34        tanglinboy About Contact  Quote this Post! Style: Combined   Mood: Yells: "hello!"
x 0   x 0  Alert Admin	Short term effect - STI plunging now... In fact, all regional markets in the red now.
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pwcyan88 Member	19-Dec-2006 11:46        pwcyan88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thailand yesterday announced new measures to force speculators to keep their money in the country for at least 1 year, causing the baht to fall. The new measure is likely to reduce inflow of funds into Thailand's stock and bond market in the near term. Is this positive for us - more funds diverted our way. Any comments.
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