Thai capital markets dropped more sharply than other Asian markets Thursday amid concerns about looming political instability, the possibility of war between North Korea and South Korea and local measures to control a property bubble.
The Stock Exchange of Thailand main index opened at 1,482.48 points, down 38.04 points from Wednesday's close. The trade value was 3.02 billion baht, with 1.83 billion shares traded.
Adisak Phupiphathirunkul, investment strategist at Thanachart Securities, said investors lost confidence on several negative factors so decided to leave the market when it plunged to 1,490 points, considered as its strong support line.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.