Global sharemarkets head downhill

Published: 23/09/2011 at 05:43 PM
Online news: News

Investors in markets round the globe continued dumping stocks on Friday in the wake of the US Federal Reserve's warning that the United States' economy is "facing a grim economic outlook with significant downside risk".

The Stock Exchange of Thailand (SET) composite index plummeted 32.43 points, or 3.27 per cent, to close at 958.16 points today. The market value was 50.10 billion baht, with 5.37 billiion shares traded.

Stock Exchange of Thailand president Charamporn Jotikasthira (Photo by Somchai Poomlard)

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: Writer: Online Reporters; Position: Online Reporters

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mitrapaap
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Discussion 3 : 24/09/2011 at 02:10 AM3
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"The deputy prime minister for economic matters was confident that this would be only a short-lived trend and the situation would return to normal next week, because Thailand has strong economic fundamentals"

The US and Europe do not sound so optimistic. Well, let's come back here next week, then we know whether he was right or not.
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tommylee
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Discussion 2 : 23/09/2011 at 09:49 PM2
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Does anyone in SE Asia understand who owns the central banks in SE Asia? They call themselves philanthropists.
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banphai
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Discussion 1 : 23/09/2011 at 07:06 PM1
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Welcome to the global club, Thailand! Sooner or later we will all have to acknowledge the fundamental stupidity of measuring national success in terms of increases in GDP and the use of the Western world's flawed system of economic stability. The 'price' of all this will be very high in terms of human suffering, except amongst those very few who happen to be on extraordinarily high incomes.
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Global sharemarkets head downhill | Bangkok Post: business