Foreign net-sells exceed Bt100bn
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Thai shares have apparently lost their attractiveness to foreign investors, whose net-sells so far this year have exceeded Bt100 billion or about US$33 billion.
According to the Stock Exchange of Thailand's data, foreign investors' net-sells on Tuesday were as high as Bt11.4 billion. This boosted the year-to-date net-sells to Bt100.998 billion.
Brokerage houses attributed yesterday's sell-off to lingering concern on the pullback of the US Federal Reserve Board’s asset buying as well as Thailand’s weak economic data in the first half.
Chaos during the parliamentary joint meeting on the charter amendment bill today also added up worries on political instability.
