Amid a strong baht and slowing economic growth, Thailand slashes its one-day bond repurchase...


Amid a strong baht and slowing economic growth, Thailand slashes its one-day bond repurchase rate by 25 basis points to 2.5%, marking the first rate cut this year. The cut was "too little, too slow" for the country's finance minister (previous) — analysts say the quarter percentage point move leaves the door open for further action. Thai stocks (THD) fall 1.1% on the news. Across the region: Philippine (EPHE), Malaysian (EWM), and Indonesian (IDX) shares rise 1.6%, 0.41%, and 0.47% respectively while stocks in Singapore (EWS, EWSS) fall 1.13%. Profit-taking in Vietnam (VNM) snaps a two day rally.

Comments (1)
  • vinase
    , contributor
    Comments (2) | Send Message
     
    Poor VNM ETF!
    11 Jun 2013, 05:49 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs