Limited Brexit impact on Thai market expected: SEC chief

Breaking News June 22, 2016 15:44

By The Nation

The Thai capital market would experience a limited and short-term impact if the UK votes to leave the European Union, said Rapee Sucharitakul, secretary-general of the Securities and Exchange Commission.



He noted that the Brexit would not change the Thai market's fundamentals and the Stock Exchange of Thailand had a system ready to cope with possible fluctuations. 
He added that the SEC and SET had closely monitored the situation. 
At present, only 1.6 per cent of Thai mutual funds' net asset value is invested in the UK and EU. Of total, 47 per cent is invested in high-quality deposits and bonds and the rest in equities.

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