-- The Stock Exchange of Thailand picked an outsider to lead the bourse out of one of its worst periods in five decades amid a share price slump, an exodus by foreign funds and corporate scandals.Asadej Kongsiri, 53, was chosen to become the exchange’s new president for a four-year term starting in September, according to a bourse statement Friday. Asadej is the head of financial advisory services at Deloitte Thailand after working as an investment banker at firms including Bank of America Corp.
International funds have withdrawn more than $2.7 billion from the country’s domestic equities so far this year as a foreign selloff accelerated with rising concern about domestic political uncertainty and sluggish economic growth. An accounting scandal at Stark Corp. last year heightened scrutiny of hidden financial risks in Thailand.
Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill's update, posted on Reddit after the close of trading, showed the value of his position at $262.1 million. Gill who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.