Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong yesterday rushed to allay jitters from the stock market's rout, saying market volatility is easing as almost all hot money has already flown out.
Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong speaks on Wednesday at Thailand Focus 2013.He sought to allay investor anxiety amid a sell-off in Thai stocks, saying shortterm funds have been taken out, leaving longterm funds, which can help to stabilise the capital market. SOMCHAI POOMLARD
Foreign investors' sell-off of Thai shares has waned, and they could return to snap up stocks in the coming days, he told the opening of Thailand Focus 2013, a two-day international roadshow hosted by the Stock Exchange of Thailand (SET), Phatra Securities and Bank of America Merrill Lynch.
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