Thailand's flood crisis continues to deepen, with new estimates putting economic losses in the tens of billions of baht and Bangkok bearing the brunt of the damage, raising concern
Thailand's flood crisis continues to deepen, with new estimates putting economic losses in the tens of billions of baht and Bangkok bearing the brunt of the damage, raising concerns about the hit to third-quarter growth. Authorities have confirmed that stock trading will proceed as scheduled despite the flood-related holiday, a signal aimed at keeping markets functioning through the disruption. The combination of mounting economic costs and the government's handling of the disaster keeps political pressure and market confidence closely tied together.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works