Thai Stocks Fall Further on Resumption of Trade

Thai share prices slumped again on resuming trade Tuesday after the bourse earlier suspended business for the first time following massive losses on the introduction of stringent controls to halt the baht's rise.

The SET halted trade at around 11:30 am (0430 GMT) for about 30 minutes when the main index had lost more than 10 percent after the government late Monday announced a series of measures to curb foreign fund inflows.

At around 12.15 pm the Stock Exchange of Thailand main index was down 96.24 points, the biggest one-day drop in 31 years, or 13.17 percent to 634.31. Under current rules, if the stockmarket falls by 20 percent, the SET can suspend trading for one hour. 

                                                                                                                Source: AFP

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