Fetco's investor confidence index (ICI) stayed in the neutral range for a fifth consecutive month, said chairman Paiboon Nalinthrangkurn. Foreign investors' confidence declined to 128.57 from last month's 150, while confidence among other types of investors increased slightly. He said factors derailing investor confidence are geopolitical conflicts, an increase in import duties between the US and major trading partners, as well as capital outflows. The US Federal Reserve's interest rate normalisation and a possible slowdown in the Chinese and eurozone economies are other factors keeping a lid on investor confidence, he said. KTB Securities chairman Win Udomrachtavanich said there is a high possibility that interest rate will rise in the future, especially when there have been capital outflows from emerging market economies.

Source: Bangkok Post September 10, 2018 23:48 UTC