SET slides on worries over Fed stimulus | Bangkok Post: business

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SET slides on worries over Fed stimulus

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Thai shares yesterday tumbled 2.55% to just above the 1,400-point psychological level as foreign investors unloaded their shares on renewed worries that the US Federal Reserve will start paring its economic stimulus in the coming months following a better-than-forecast US jobs report. 

The SET index ended at 1,404.64 points with moderate trade of 41.83 billion baht. Foreign investors were net sellers of 3.90 billion baht.

The benchmark index has plunged 14.53% from this year's closing peak at 1,643.43 points on May 21.

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