Thailand tourism faces uncertainty over Brexit fallout
A screenshot of the London Stock Exchange minutes after opening today. Image: Gazette file
MARKETS across Asia are reeling after it became known this afternoon that Great Britain will exit the European Union.
Investors are fleeing to more stable currencies, such as the US dollar, the Swiss Franc and the Japanese Yen, causing major upheavals in Japan whose government has been trying to devalue the Yen in an effort to increase exports and stimulate economic activity.
The Stock Exchange of Thailand sloughed off 40 points after a day of heavy trading, as investors scramble to cope with the Brexit financial fallout. The SET fell below the 1,400 benchmark that economists predicted in a Brexit scenario.
Full story: http://www.phuketgaz…t-fallout/64122
