The Thai stock market may plunge to a bear market in the second half of the year as the widening policy rate gap between the US and Thailand could trigger outflows, according to Asia Plus Securities (ASPS).
The brokerage sees China as an attractive investment destination as the government is poised to ease lockdowns and its regulatory crackdown on tech companies.
The analysts point out that the upcoming months will be a difficult time for investors and the US is likely to enter into a technical recession, or two consecutive quarters of negative growth of GDP, as inflationary pressures are likely to continue.
