iShares MSCI Thailand Capped ETFNYSEARCA
Fri, Oct. 14, 2:54 AM
- Thailand's King Bhumibol Adulyadej has died after more than 70 years on the throne, creating a royal succession at a time of political uncertainty under military rule.
- A government holiday was declared today for national mourning, but the country's stock exchange and other financial institutions were operating as normal.
- The Thai SET Index rose 4.2%, rebounding from losses this week leading up to the king's death.
- ETFs: THD, TTF
Thu, Oct. 13, 8:21 AM
- The death of the world's longest-serving monarch (reign of 70 years) could set the country up for another bout of political instability. His only son, Crown Prince Maha Vajiralongkorn will take his spot, but it could take some time for him to command the sort of overwhelming respect his father had.
- The military government portrays itself as a defender of the monarchy against populist politicians. Without King Bhumibol there, it may be more clear that it's the generals running the country, and they may have to allow some sort of civilian rule (or they could crack down even harder).
- THD +0.8% premarket; TTF no trades
Wed, Oct. 12, 4:45 AM
- Asian markets fell again today as investors stayed edgy after a disappointing start to the U.S earnings season and fears of a Federal Reserve interest rate hike.
- Japan's benchmark Nikkei 225 was down 1.1% and the Shanghai Composite tracked 0.5% lower. South Korea's Kospi managed a 0.1% gain, despite a 1% decline in Samsung (OTC:SSNLF, OTC:SSNNF). The bruised electronics multinational accounts for about 18% of the Kospi.
- ETFs: FXI, DXJ, EWJ, TUR, VNM, EPI, ASHR, EWA, EWY, INDY, EWS, YINN, EWH, CAF, THD, EPHE, SCIF, FXP, IDX, YANG, KWEB, EIDO, EWM, INDA, PGJ, GXC, INDL, EWT, PIN, HAO, IAF, EPP, CQQQ, INP, VPL, INXX, MCHI, PEK, IIF, IAE, CHN, CHIQ, CHIX, TAO, QQQC, INCO, DBJP, AAXJ, DFJ, TDF, ENZL, AIA, TTF, SCIN, IF, SMIN, TKF, XPP, ASEA, ASHS, CNXT, SGF, AUSE, KF, YXI, CHAU, IDXJ, JOF, YAO, CN, EWSS, FCA, JPNL, APB, DXJS, EZJ, JEQ, EWV, GCH, CHAD, HEWJ, ECNS, CXSE, CHII, KEF, GRR, PAK, SCJ, CHIM, KBA, CHIE, KROO, AXJL, TWN, EWHS, APF, JPXN, JFC, DVYA, FCHI, KFYP, KORU, AFTY, ADRA, DXKW, EWAS, DBKO, FHK, DXJH, FAUS, FTW, PAF, FKO, JHDG, QJPN, DXJF, JPMV, FJP, DBAP, QAUS, OASI, DXJR, DXJT, FPA, AXJS, IPAC, QKOR, AXJV, JPN, DXJC, HAHA, HGJP, ASHX, CNHX, JDG, OAPH, QTWN, XINA, HAUD, HFXJ, HJPX, DBAU, CNYA, DDJP, DEWJ, FXJP, GSJY, HEWY, JPNH, KOR, RFAP.
Fri, Aug. 12, 2:38 AM
- Thailand's Prime Minister has urged authorities to boost security after a string of bomb attacks in several provinces killed at least four people and injured dozens.
- The blasts come only a few days after a referendum which saw the country vote in favor of a military-backed constitution.
- It was not clear who was behind the attacks, but police said they were not linked to terrorism but rather local sabotage.
- ETFs: THD, TTF
Mon, Aug. 8, 3:36 AM
- Thailand has accepted a military-backed constitution at a referendum, which is the first ballot since the junta seized power in a coup two years ago. It's the nation's 20th constitution in 83 years.
- Investors are likely to look at the outcome favorably, as the mandate will buy Thailand some time for the government to come up with an actual economic plan for the country.
- ETFs: THD, TTF
Aug. 24, 2015, 4:47 AM
- Global markets continue to sell off after panic selling in China continues. Stock markets closed lower across Asia, led lower by a 8.5% drop in the Shanghai Composite Index.
- The lack of any official policy move by China contributed to the broad sell-off of shares in the nation. Financial stocks took some of the hardest losses.
- ETFs: FXI, TUR, VNM, EPI, EWA, EWY, INDY, EWS, ASHR, THD, EWH, SCIF, EPHE, CAF, IDX, YINN, KWEB, PGJ, EIDO, GXC, EWM, FXP, EWT, INDL, PIN, INDA, HAO, INP, IAF, EPP, IIF, INXX, YANG.
Aug. 18, 2015, 4:02 AM
- Already whacked by a devalued yuan, Thailand's baht has now fallen to its weakest level since 2009 after a powerful bomb blast killed at least 20 people in Bangkok's central shopping district.
- The currency slid 0.6% to 35.581 per dollar, while the county's SET All-Share index dropped 2.5%.
- Thailand's Prime Minister Prayuth Chan-ocha described the bombing, which took place near a notable Hindu shrine, as the "worst ever attack" on the country.
- ETFs: THD, TTF
May 7, 2015, 4:46 AM
- The International Monetary Fund warns the balance of risk in the Asia-Pacific region is tilted toward the downside due to rising debts and a stronger U.S. dollar.
- Although Asia is still seen as a global growth leader, the agency sees a slowing trend.
- The region is forecast to have a growth rate of 5.6% in 2015 and 5.5% in 2016, according to the new IMF survey.
- Positive factors for Asia in the near future include moderating commodity prices, strong labor markets, and solid demand from the U.S. and Europe.
- ETFs: FXI, DXJ, EWJ, TUR, VNM, EPI, EWA, EWY, INDY, EWS, ASHR, THD, EWH, SCIF, EPHE, CAF, IDX, YINN, KWEB, PGJ, EIDO, GXC, EWM, FXP, EWT, INDL, PIN, INDA, HAO, INP, EPP, INXX, YANG, VPL, TAO, CHIX, PEK, CHIQ, CQQQ, DFJ, MCHI, AAXJ, INCO, QQQC, DBJP, SCIN, ENZL, NKY, AIA, ASEA, SMIN, XPP, AUSE, EWSS, YAO, IDXJ, EZJ, JPNL, DXJS, EWV, ASHS, YXI, CN, CHXF, FCA, CHNA, CNXT, AZIA, CHII, CHIE, ECNS, KROO, SCJ, EWHS, AXJL, DVYA, CHIM, HEWJ, JSC, ITF, KBA, KFYP, KORU, JPP, FCHI, ADRA, DXKW, FKO, HKOR, EWAS, FTW, PAF, FHK, FAUS, DBKO, QJPN, FPA, JPX, FJP, JPMV, DXJT, DXJR, DXJC, QKOR, AXJS, DXJH, QAUS, JHDG, AFTY, UXJ, DBAP, AXJV, IPAC, QTWN, DXJF, PAK
Dec. 31, 2014, 11:34 AM
- Nearly all the ETFs involved are single-country funds, with 22 seeing reduced fees, and 19 increases. First up is the list of funds seeing cuts and the number of basis points:
- EWA 3 basis points, EWO 3 bps, EWC 3 bps, EWQ 3 bps, EWG 3 bps, EWH 3 bps, EWM 3 bps, EWS 3 bps, EWP 3 bps, EWD 3 bps, EWL 3 bps, ENZL 3 bps, EWU 3 bps, EWK 2 bps, EZU 2 bps, EWI 2 bps, EWJ 2 bps, SCJ 2 bps, EWW 2 bps, EWN 2 bps, EIRL 2 bps.
- Next are the funds with increases; all are by one basis point: EWZ, BKF, ECH, EEM, EIS, EZA, EWY, EWT, THD, TUR, ERUS, EPU, EWZS, MCHI, ECNS, INDA, EIDO, EPHE, EPOL.
- Previously: Vanguard lowers fees on 12 ETFs
Oct. 6, 2014, 2:41 PM
- "Proactive stimulus measures and restored political stability" are cited by Credit Suisse as it upgrades Thailand to a Buy from Neutral. The team note's last week's approval of a $11B spending package (roughly 2.8% of GDP).
- ETFs: THD
- Indian stocks need to take a breather from a big run, says Credit Suisse, lowering the country to Neutral from Buy.
- ETFs: EPI, SCIF, INDY, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
- Valuation is a concern for Indonesia, says Credit Suisse, cutting the country to Sell from Neutral. At 14.4x forward earnings, stocks are at a 16% premium to their 10-year historical average at the same time 3-month revisions of consensus earnings have tuned south.
- ETFs: IDX, EIDO, IDXJ
Aug. 25, 2014, 3:08 AM
- Thailand's junta leader, General Prayuth Chan-ocha, has officially been appointed prime minister, following an endorsement from the country's monarch.
- The new PM says he will appoint members to his new cabinet next month.
- Thailand's economy shrank in the first half of the year, due to the mass protests against former leader Yingluck Shinawatra, however, growth did pick up in Q2, expanding 0.4% Y/Y and 0.9% Q/Q.
- ETFs: THD
Aug. 21, 2014, 2:18 AM
- Thailand's military junta General Prayuth Chan-ocha has been nominated prime minister by a legislature he hand-picked, nearly three months after he seized power in a coup d'état.
- Political analysts say the army is now likely to create a much more limited form of democracy before allowing elections, which Prayuth has planned for the end of 2015.
- ETFs: THD
Jun. 16, 2014, 12:04 PM
- Thailand gained 1.1% overnight, putting the SET Index in bull market territory (20% above this year's low) amid hope the military takeover will stabilize things enough for the economy to get motoring again. An index of consumer confidence rose to 70.7 in May from 67.8 in April, the first gain in 14 months.
- Last week, the military lifted the curfew in Bangkok after earlier easing restrictions on Thailand's main tourist cities.
- ETFs: THD
- CEF: TTF, TF
May 27, 2014, 1:29 PM
- Chaturon Chaisang, a former education minister who was hiding until recently was arrested by the military while he was being interviewed by foreign reporters.
- "I just want to warn General Prayuth that harsh measures will not help,” says Chaisang. “To be biased against one side of people, is not going to help. And if you really want to resolve the problems of the country, don’t be oppressive. Allow people to participate in the process."
- In his address yesterday, the army chief said “everyone was suffering” as a result of the past six months of political uncertainty, and that it is time to “restore political and social stability, as well as confidence.”
- "The market has been quite resilient,” Stock Exchange of Thailand President Charamporn Jotikasthira said today in a Bloomberg interview. “What happened in the past several months, we were in a political deadlock and as a result we were not able to move the economic engine properly. So we just have to reset the system and get back to normal as soon as possible.”
- Resilient indeed. The SET gained 0.3% overnight and has largely held its YTD gains since the coup. THD +6.3% YTD
May 25, 2014, 3:54 AM
- Hundreds of people in Bangkok have demonstrated against Thailand's military junta despite a warning by army chief Prayuth Chan-ocha, who carried out a coup last week, not to hold rallies.
- Yesterday, the military dissolved the Senate and took on its legislative powers. The military has also detained well over 100 people, included ousted prime ministers, and told dozens of others to turn themselves in.
- The army has appointed Air Chief Marshal Prajin Juntong to run economic ministries, including finance, commerce, industry and energy. Prayuth said on Friday that he would only "return power to the people" after economic, social and political reforms.
- The U.S. has canceled military exercises in Thailand and threatened to cut military assistance. A question is whether the U.S. will start to cut economic ties.
- ETFs: THD
May 23, 2014, 10:28 AM