UBS Downgrades Thai Stocks to Neutral as Political Woes Weigh

UBS Group AG strategists downgraded Thai stocks to neutral from overweight, citing recent political uncertainty which could impact policy direction and investor sentiment.

Inflows into additional schemes for the Thai ESG fund have been underwhelming, showing weak sentiment toward equities, while recovery in tourism from China has been weaker than expected, strategists including Sunil Tirumalai wrote in a note on Monday.