The Stock Exchange of Thailand was hit hard in September, losing almost 100 points from its mid-month peak to close at 1,589.51.
The index started the month at 1,638.93 points and climbed steadily to 1,672.64 by mid-September. However, the market was hammered after the US Federal Reserve signalled that it may take more aggressive action in fighting inflation, including more big interest-rate hikes. Subsequently, the SET pulled back throughout the rest of the month and ended September at 1,589.51, down 3% from the end of August.
