The Stock Exchange of Thailand (SET) does not plan to take any action to prop up the sagging stock market, which has slid more than 20% from the year's peak on the back of massive capital reversals.
President Charamporn Jotikasthira said the sharp fall in the bourse is in line with regional peers as foreign investors are repatriating funds from emerging markets on worries that the US Federal Reserve will start tapering its monthly US$85 billion in asset purchases.
The SET index yesterday regained some losses for the second straight day following a 10-day losing streak. It closed the market at 1,294.30 points, up by 0.14%, in moderate trade worth 32.4 billion baht.
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