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Bangkok Post

Business

SET plunges as Fed hikes rates hard

US Federal Reserve Inflation Bank of Thailand Interest Rates Recession Stock Market United States

An investor monitors stock prices displayed on an electronic board. (File photo)

The Thai stock market fell on Thursday, after the United States Nasdaq futures market tumbled more than 2% on concerns over the economic impacts of aggressive rate hikes from the Federal Reserve.

The SET Index closed at 1,561.10 points, down 32 points or 2.04% on Thursday, in trade worth 97.7 billion baht, in line with global bourses after a short relief rally after the rate hike faded.

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