Investor’s Confidence Remains Flat in August as Concerns over Covid, Fed’s Rate Hike Persist

Investor confidence in Thailand’s equity market over the next three months increased 12.2% to 116.59 in August, thanks to a boost from tourism recovery and the return of foreign fund inflows, according to a survey released on Wednesday by the Federation of Thai Capital Market Organizations (FETCO).

However, investors remain concerned about the Federal Reserve’s monetary tightening plan in the face of a weak economic recovery and the Covid-19 outbreak.