Thai shares fall on looming US impasse | Bangkok Post: business

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Thai shares fall on looming US impasse

  • Published: | Viewed: 1,657 | Comments: 1
  • Newspaper section: Business
  • Writer: Oranan Paweewun
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Thai shares yesterday tumbled below the psychological 1,400-point mark again on growing concerns over the looming shutdown of the US government amid a budget impasse. 

Worries over local political uncertainties and foreign fund flows also dented demand for risk assets.

The Stock Exchange of Thailand (SET) index shed 2.42%, among the biggest losers in Asia, to 1,383.16 points in moderate trade worth 32.7 billion baht. Big-cap stocks were at the centre of the selling spree. Siam Commercial Bank (SCB) dipped 6 baht to 148 baht, PTT (PTT) dropped 10 baht to 316, Shin Corporation (INTUCH) lost 1.50 baht to 81.50 baht and Kasikornbank (KBANK) was off 7 baht to 175 baht.

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