Shares of Delta Electronics (Thailand) Plc, which have shot up this year to become the country’s most valuable stock, slumped on Tuesday as the Stock Exchange of Thailand imposed trading curbs to quell unexplained gains. Analysts also queried the surge in its valuation.
The local unit of Taiwan-based Delta Electronics Inc slumped as much as 23%, the most since December 2020. The retreat erased about 310 billion baht from the company’s market value, which ended Monday at a record 1.46 trillion baht.
