Thai Stocks Set for Record Losing Streak Amid Foreign Selloff
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Thai equities are poised for a record stretch of quarterly losses after international investors continued to pull money out amid political uncertainty.
The benchmark SET Index has dropped more than 5% this quarter, set for its sixth quarterly decline. That’s the longest consecutive such losing streak since Bloomberg began collecting data in 1987. Foreign funds have sold net $1.23 billion of local shares since the end of March, taking their outflows this year to $3.16 billion.