Bangkok--14 Oct--Aziam Burson Marsteller
ING, the global financial services group, today released data from the quarterly ING Investor Dashboard Survey which shows a significant overall decline of 35% in investor sentiment in Thailand over the past 12 months, indicating local investors have been affected by the turmoil in the global financial markets and slowdown in the global economy..
Thailand’s investor sentiment falls to 84 for Q3 2008 from 129 for the same quarter last year (Q3 2007) as the global credit crisis and widespread economic downturn continue to weigh on investors. Despite this, Thailand investor sentiment rose marginally for Q3 2008 compared to Q2 2008 with an increase in sentiment of 4% to 84 from 81. In the last quarter, fewer Thai investors surveyed expect the economy to worsen in Q4 2008 with more investors expecting the situation to remain as it is. This may change quickly if global bourses continue to register dramatic declines and anti-government protests in Thailand intensify.
The overall pan-Asia ING Investor Dashboard Sentiment Index falls 39% to 86 for Q3 2008 from 141 for Q3 2007, and registers a quarter-on-quarter fall of 21% for Q3 2008 from 109 in Q2 2008, as investors take stock of the global markets and economic developments.
The ING Investor Dashboard is the first quarterly survey in the Asia Pacific region that provides a pan-Asia (ex-Japan) investor sentiment index. The survey is conducted quarterly across 13 markets* in Asia Pacific, and not only provides market insights on investor attitude and outlook but also allows each market to be benchmarked and tracked against the overall investor sentiment across Asia using the pan-Asia index.
Press enquiries
Jumpon Saimala
ING Asia Pacific
02-688-7780
James Best
Aziam Burson Marsteller
02-252-9871