Thai bank stocks soar

What I got for Christmas was ... some Thai bank stocks.

Christmas might not figure in the Buddhist calendar but the Thais found something to celebrate anyway. With the stock exchange open for business throughout the festive period local investors gorged on bank stocks, rather than goose fat and brandy butter.

There was barely a turkey in sight as the banking index soared 31.8% during the month, led by Kasikornbank, which put on almost 55%. Christmas was the busiest trading day of the month for bank stocks as local...

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