No End in Sight for Foreign Exodus From Thailand’s Stock Market
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The world’s worst-performing stock market may have a tough time luring back fleeing foreign investors, with its struggling economy poised to erode corporate earnings further.
Thailand’s benchmark SET Index has slid 5.2% this quarter, the most among major global stock markets. At the same time, international funds have pulled $759 million in the period, adding to a $1.49 billion sell-off in the three months through September.