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Investors keep wary eye on Thailand protests as stock market slips

Thai stocks were Asia's worst performers this week, down 2.6 per cent

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Thailand | protests

Reuters 

Thailand Protests
People show the three-finger salute during anti-government protests in Bangkok, on Friday. Photo: Reuters

Escalating anti-government in could push one of this year’s worst-performing stock markets even lower, some investors fear, as political instability adds another layer of risk to an already fragile tourism-dependent

Thai stocks were Asia's worst performers this week, down 2.6 per cent, as hit the capital Bangkok where tens of thousands of people defied a ban on demonstrations.

Chart

has suffered a record $8.8 billion in equity outflows over the first nine months of this year, the exchange data shows, as the Covid-19 wrecks the travel-exposed and finance and industry-heavy stock index.

“The Thai market is in a slow death towards irrelevancy; are just one more thing,” said Jeep Chatikavanij of Ton Poh Fund.

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First Published: Sat, October 17 2020. 00:56 IST
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