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Bangkok Post
Bangkok Post
Business

Asia follows Wall Street down, SET falls below 1,600

SET Mỹ United States China Oil SCB Thailand

RECAP: Asian shares slumped on Friday, with the SET closing below 1,600 points, following a sharp decline on Wall Street amid concern that pockets of trouble in the US banking sector could portend broader dangers.

Foreign investors continue to sell stocks from emerging markets. Foreign net selling on the SET as of Thursday totalled 36 billion baht since the start of the year.

Thai shares moved in a range of 1,596.44 and 1,624.78 points this week before closing yesterday at 1,599.65, down 0.4% from the previous week, in daily turnover averaging 54.02 billion baht.

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