Pursuits
Foreigners Flee Thai Stocks as Patience Wanes Over Pledges
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Foreign investors are selling Thai stocks at the fastest pace this year as the nation’s military government struggles to deliver on pledges to revive economic growth.
Overseas funds unloaded a net $774 million of Thai shares in July as the benchmark SET Index fell 4.3 percent. The baht is trading near the weakest level in more than six years after slumping 3.4 percent against the U.S. dollar last month.