News > Local News
The Stock exchange of Thailand main index dropped more than ten points in the afternoon, the same as other stock markets in the region, including China and South Korea, an analyst said.
At 2.34pm, the SET index stood at 1,107.35 points, down 10.05 points, or 0.90%, on Monday’s close. The main index had rebounded to 1,108.25 points, down 9.25 points, or 0.82%, at 2.49pm.
Apichart Phubancherdkul, director for strategy analysis division at TISCO Research Office, said it is expected that the main index will go down further because the Moody Investor Service had made known that it would cut its credit rating for Britain, France and Austria. The credit rating firm had earlier cut its credit rating for six other countries in Europe.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
Keep this article in your social bookmark:
Red-shirt supporters have expressed dismay over ousted prime minister Thaksin Shinawatra's call for them to set aside their anger and frustration over social and legal injustices for the sake of national reconciliation.
Post : 97
Send message
Discussion 1 : 14/02/2012 at 04:27 PM1
Post this to my Facebook
True story should read "Italy, Spain and Portugal are among a number of eurozone nations to have had their credit ratings lowered by ratings agency Moody's. The agency also downgraded Slovakia, Slovenia and Malta. Moody's also put France, Britain and Austria on "negative outlook", which implies there is a 30% chance of a downgrade in the next 18 months" According to the BBC.
Reply
Please log in to our Bangkokpost.com community to post your comment. You can sign in to the community by clicking here.
If you are not part of the community yet, please sign up here. By being part of this community you will get all these privileges.