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[url="]Semtech Corporation[/url] (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, conne
Foreign investors continued pulling money from Asian equities in July, but the headline outflow masks a striking shift underneath: capital moved away from the region's biggest AI winners while selectively returning to markets with less dependence on the semiconductor boom. Investors sold a net $25.48 billion of shares across seven major Asian markets during the month, extending the region's foreign-selling streak to nine months.
When it comes to broad international equities exposure, the sum of the parts is traditionally greater than the whole. Today, however, single-country exposure is also proving that individual parts can deliver a whole lot of performance.
Korea's country ETF booked triple-digit gains while most Asia funds left investors watching from the sidelines, and the same AI hardware boom that drove that run is quietly powering two other markets that rarely show up in the conversation.
The iShares MSCI Thailand ETF which covers 82 Thai stocks has delivered nearly 38% total returns over the past year, outperforming its other ASEAN peers in a big way. THD's heightened exposure to Delta Electronics, an AI hardware play, has worked well, but it also makes it vulnerable to some profit booking, more so due to steep valuations. Thailand's macro outlook is weakening, with GDP growth expected to dip below 2% for the first time in 3 years, while the prospects of the THB don't look great either.
The Bank of Thailand kept interest rates on hold while it reassesses the economic impact of the war in the Middle East as the U.S. and Iran work on a lasting peace deal.
Asian currencies consolidated against the dollar before first decision by a FOMC led by Chairman Kevin Warsh later.
CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00 – 13:00 SIN/HK). Please note this livestream is only available in Europe and India.