US EditionAsia-Pacific Stocks Trade Lower as Investors Weigh Recent Trade Developments
ASIA-PACIFIC REGION, JUL 24 – Investor concerns over escalating Thailand-Cambodia border clashes and trade tensions led to declines in most Asia-Pacific markets, with at least 15 civilian deaths reported, Reuters said.
- A long-standing border conflict between Thailand and Cambodia escalated on Thursday, with exchanges of fire in multiple areas causing civilian casualties.
- The conflict intensified after Thailand recalled its ambassador and expelled Cambodia's envoy on Wednesday amid weeks of simmering tensions.
- Bangkok deployed an F-16 aircraft to carry out airstrikes in Cambodia, which Reuters reported caused at least 15 civilian fatalities.
- Tourism contributes about 12% to Thailand's GDP and 9% to Cambodia's GDP in 2024, and Sreeparna Banerjee said Thailand remains highly exposed to instability perceptions.
- The intensifying dispute may harm economies reliant on tourism, particularly Cambodia's, while investors responded to recent trade news by pushing Asia-Pacific markets lower.
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Total News Sources9
Leaning Left5Leaning Right0Center2Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 29%
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