Thai Stocks on Brink of Bear Market as Foreign Selling Continues
- The SET Index is among the world’s worst performers this year
- Overseas funds have withdrawn about $5.6 billion in stocks
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Thai stocks fell, nearing bear market territory, as the ongoing selloff by foreign investors and slower economic growth weighed on sentiment.
The benchmark SET Index dropped 0.5% to close at 1,373.92 on Tuesday. That brings losses from a Feb. 2022 high to nearly 20%. The gauge is among the world’s worst performers this year.