ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Direct Indexing
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Multifactor
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Multifactor Channel
  2. Thailand ETF Beaten as Coronavirus Infections Rise
Multifactor Channel
Share

Thailand ETF Beaten as Coronavirus Infections Rise

Aaron NeuwirthMar 20, 2020
2020-03-20

The Thailand country-specific ETF plunged Wednesday, with Thai equities experiencing their worst day since 2014, as a growing number of confirmed coronavirus cases spread fear in the market.

The iShares MSCI Thailand ETF (THD C+) was among the worst performing non-leveraged ETFs of Wednesday, falling 3.9%.

Thailand’s equity benchmark index, the Stock Exchange of Thailand (SET) index, hit its lowest intraday threshold in over three years on Wednesday, dipping below the 1,400 point marker.

Thailand confirmed three more novel coronavirus cases, bringing the country’s total to 40, after testing people returning from Hokkaido in Japan where they are thought to have contracted the virus, Bloomberg reports.

Permanent Health Secretary Sukhum Karnchanapimai, though, reassured the public that there is no widespread community transmission of the virus in Thailand yet.

Health Minister Anutin Charnvirakul stated that the virus has been classified as a dangerous communicable disease. Consequently, anybody with suspect symptoms after visiting a high-risk country is required to report to the authorities.

The coronavirus or COVID-19 has dented Thailand’s tourism-heavy economy, weighing on both the country’s equity market and currency. Underscoring the potential hit to Thailand’s tourism, Anutin has also warned of the need to reduce travel as a preventive measure in spreading the coronavirus.

“For the airlines, please reduce promotions,” Anutin said. “Even though tickets are cheap, it could be your last holiday.”

While Thailand has not banned incoming flights from affected areas, Anutin said “we’re going to fight with all the tools that we have.” The Health Minister has also previously warned that Thailand is at risk of a widespread outbreak and the the situation “isn’t good.”

“Those who are planning to travel abroad in this period, if it’s possible to avoid that, please avoid it,” Anutin wrote in a Facebook post. “We are entering a full war with Covid-19.”

This article originally appeared on ETFTrends.com.

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X