The baht heads for the top spot in in global emerging markets this month. The currency has gained 0.3% against the dollar in May as of 11.06am, making it the sole gainer among developing-nation currencies this month. Net foreign inflows into stocks surged to the biggest in more than six years on Tuesday on speculation Thailand would win a larger weighting in the MSCI Emerging Markets index. Overseas investors also turned net buyers of Thai debt this month for the first time since November. “These inflows may be short term, but it still created a very good color for the market."

Source: Bangkok Post May 29, 2019 06:11 UTC