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Bangkok Post
Bangkok Post
Business

Bourse dips on hint of Fed rate hike

Kobsak Pootrakool US Federal Reserve Stock Market ECB

The Thai stock market slid on Monday after the Federal Reserve (Fed) chairman's mention of a half-percentage point interest rate hike at the May meeting sent global stocks tumbling.

The SET Index dropped 15.26 points or 0.9% to close at 1,675.33 points with trading worth 71.4 billion baht.

Analysts recommend export-oriented stocks as the baht's depreciation will boost demand for Thai goods.

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