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Political gridlock to keep stocks subdued

Lack of government has damaged growth

An electronic board displays live market data at a stockbroker’s office in Bangkok. (Photo: Reuters)

The Stock Exchange of Thailand (SET) will remain sluggish in the third quarter of 2023 as a result of the protracted political uncertainties, says the Investment Analysts Association (IAA), urging the new government to boost domestic consumption and tackle rising household debt.

IAA chairman Paiboon Nalinthrangkurn, who is also chief executive of Tisco Securities, said the SET had declined in line with global stocks in the second…

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