(Bloomberg) -- Thailand’s benchmark stock index, set for its biggest annual gain in six years, may tumble in the middle of next year on heightening political instability and accelerating inflation, according to Siam City Securities Co. The SET Index may slump to as low as 540 in 2010 in the second or third quarter, Sukit Udomsirikul, an investment strategist at Siam City, a brokerage unit of Thailand’s seventh- biggest commercial bank, said in a telephone interview today. That would be a 26 percent drop from yesterday’s close.
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