Foreign investors may withdraw from Thailand’s stocks as clashes between anti-government protesters and troops escalate, investor Marc Faber said.
“The current political situation means that less foreigners will invest in the country and that portfolio managers may actually be sellers of equity,” Faber said. “I don’t see any near-term solution.”
“I’m not sure that the Thai baht will go down that much more because it is already relatively low,” Faber said. “The country has actually trade and current account surplus because the imports fell off the cliff.”
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