Fears of political instability spur foreign funds to dump Thai stocks

Some investors tip a negative impact on the SET if Pheu Thai wins election

Foreign fund managers have been advising clients to unload Thai stocks ahead of the July 3 election. So far the SET Index has fallen 10 per cent from its April 21 high, as investors are concerned about political instability.

Goldman Sachs and Credit Suisse have recommended underweighting equities in portfolios. The most sensitive to the political uncertainty are the banking, property and tourism sectors.

Read more: The Nation