Thai shares plunged below 1,300 points Tuesday, marking the longest losing streak since 1998, while the baht fell to a fresh three-year low on concerns that foreign outflows will accelerate as the US mulls a military attack against Syria and domestic growth wanes.
The Stock Exchange of Thailand (SET) retreated for a ninth straight trading day, falling by 2.65% to close at 1,293.97 points in moderate trade worth 37.7 billion baht. Foreign investors were net sellers of 890 million baht, raising year-to-date net selling to 113 billion.
The main index has lost 7.39% this year, sliding 21.6% from the year's peak in May.
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