Thai and other Asian stock markets tumbled on Monday, with the regional benchmark approaching a two-year low last seen in mid-July, as investors fled risk assets after the US Federal Reserve signalled that it would keep raising interest rates to rein in inflation.
Fed chairman Jerome Powell's hawkish remarks at the Jackson Hole Symposium on Friday night led markets to believe the Fed would maintain its tight monetary policy and increase the US policy rate higher and for longer than expected, analysts said.
