SET falls despite US bail-out plan

By The Nation

The Stock Exchange of Thailand tumbled 17.68 points to end at 601.29 points on turnover of Bt10 billion, on investor concern of the US financial crisis' spillover effect after a few European banks come under state control.

In the morning session, the index dropped 3.88 points or 0.55 per cent to 615.59 points, on very thin turnover of Bt3.2 billion.

Somchai Pakapaswiwat, a lecturer of the Faculty of Political Science, Thammasat University, told a television news programme that it would take 5-6 months to see if the package could stabilise stock markets and stop a further fall in land prices.

He noted that Thailand should also come up with a contigency plan.

The US Congress on Sunday approved the bail-out package.

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SET falls despite US bail-out plan

The Stock Exchange of Thailand tumbled 17.68 points to end at 601.29 points on turnover of Bt10 billion, on investor concern of the US financial crisis' spillover effect after a few European banks come under state control.

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