Viewed with 347 years of hindsight, it was possibly history’s most one-sided trade. In 1667, when spices were worth more than gold, England and Holland agreed to divvy up two islands over which both claimed sovereignty.
Within a minute of Thailand’s army announcing a coup, the baht fell 0.6 percent versus the dollar. Templeton Emerging Markets Group and Samsung Asean Equity Fund say any market weakness will be shortlived.
For all the concern that anti-China riots in Vietnam will deter foreign investment and curb economic growth, the 18-day flow of money into the country’s stock market suggests overseas money managers are unfazed.