Fretting over the Fed sinks stock exchange | Bangkok Post: business

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Fretting over the Fed sinks stock exchange

Baht could reach 32 to the dollar

  • Published: | Viewed: 1,994 | Comments: 0
  • Newspaper section: Business
  • Writer: Darana Chudasri & Oranan Paweewun
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The Thai bourse yesterday sank as much as 3.29%, while the baht weakened to beyond the 31-barrier level amid a global rout. 

Investors fretted over the Federal Reserve's increasing optimism over the US economic outlook and its plans to start winding down its stimulus programme this year.

The Bank of Thailand warned that the country continues to be exposed to risks from capital outflows.

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