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Overseas investors may shun Thai stocks for fear of political instability

BANGKOK -- Thailand's stock market may struggle to lure back overseas investors because of lingering concerns about political stability in the wake of deadly protests earlier this year, according to the country's biggest money manager.

“Thailand's equity market is falling off the radar of overseas investors because of the political uncertainty,” Rapee Sucharitakul, executive chairman of Kasikorn Asset Management Co., which oversees US$15.8 billion of assets, said in an interview. “Thailand will need major political reform and an economic breakthrough to lure them back. This will take time.”

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