iShares MSCI Thailand ETF

THD

Capitalización de mercado USD 428 M

The move comes as continued uncertainty around the Middle East conflict and fresh fiscal anxiety about the U.S. economy kept market pricing for rates moves in flux.

Foreign investors continued pulling money from Asian equities in July, but the headline outflow masks a striking shift underneath: capital moved away from the region's biggest AI winners while selectively returning to markets with less dependence on the semiconductor boom. Investors sold a net $25.48 billion of shares across seven major Asian markets during the month, extending the region's foreign-selling streak to nine months.

When it comes to broad international equities exposure, the sum of the parts is traditionally greater than the whole. Today, however, single-country exposure is also proving that individual parts can deliver a whole lot of performance.

The iShares MSCI Thailand ETF which covers 82 Thai stocks has delivered nearly 38% total returns over the past year, outperforming its other ASEAN peers in a big way. THD's heightened exposure to Delta Electronics, an AI hardware play, has worked well, but it also makes it vulnerable to some profit booking, more so due to steep valuations. Thailand's macro outlook is weakening, with GDP growth expected to dip below 2% for the first time in 3 years, while the prospects of the THB don't look great either.

The Bank of Thailand kept interest rates on hold while it reassesses the economic impact of the war in the Middle East as the U.S. and Iran work on a lasting peace deal.

Asian currencies consolidated against the dollar before first decision by a FOMC led by Chairman Kevin Warsh later.

The retail surge is driven by rapid digitalization, a young demographic and increasing disposable income. Young investors are embracing both traditional and alternative assets.

CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00 – 13:00 SIN/HK). Please note this livestream is only available in Europe and India.

iShares MSCI Thailand ETF offers broad exposure to Thailand's stock market, but has a history of poor performance. Despite ongoing political volatility, THD's valuation appears attractive for contrarian investors, with recent market dips becoming shallower. Uncertainty around key economic policies is receding, with clearer paths emerging for initiatives like the digital wallet and visa reforms.

Countries around the world have scrambled to cope with the fallout of the energy shock from the Iran war. This comes as the Iran war stretches into its third week.