By Ankur Banerjee
SINGAPORE, July 27 (Reuters) – The worst performing Asian stock market just can’t catch a break, with foreign investment outflows totaling $3.58 billion since the start of the year, in the biggest retreat since 2020.
More than two months after Thailand’s election, the country is yet to swear in a prime minister and with China’s anemic economic recovery casting a shadow on Southeast Asia’s second-largest economy, investors have been taking their money elsewhere.
Thailand’s SET index has underperformed the broader market, sliding 9% so far this year, making it the worst performing stock market in Asia.
The index has slipped 2.4% since the election results came out in mid-May, while the MSCI’s broadest index of Asia-Pacific shares outside Japan is up 4.5% in the same period.
The political impasse took a new turn when the parliament postponed on Tuesday a vote for the next…
