Stock markets continue to slide | Bangkok Post: business

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Asian markets down on lingering US Fed fears

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  • Online news: News
  • Writer: Bangkok Post and AFP
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Asian markets fell Tuesday following another weak lead from Wall Street, while the spotlight is back on the US Federal Reserve's stimulus programme, as it prepares to release minutes of its latest meeting. 

Emerging markets including Thailand took a beating on the expectation that the Fed's quantitative easing will start to dry up. The baht hit its lowest point against the dollar for a year, while the Indian rupee dropped to a record low against the US currency.

The Stock Exchange of Thailand main index went down 27.62 points, or 1.98%, to close at 1,370.86 points at the end of trading session this afternoon. The trade value was 58.03 billion baht, with 10.27 billion shares traded. The SET50 index ended at 931.47 points, down 16.23 points, or 1.71%, with a total trade value of 46.85 billion baht.

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