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SET Index dives 5.2%

Political turmoil and factors in the global economy, especially the reported slowdown in Chinese manufacturing, sent the SET Index slumping 5.2 per cent to 1,230.77 points at yesterday's close, a level unmatched since September 2012.

Turnover was Bt33.51 billion.

Institutional and proprietary investors sold a net Bt3.65 billion and Bt930.69 million of equities but foreign and individual investors picked up a net Bt124.59 million and Bt4.46 billion.

Other Asian stock markets also dropped, with a regional benchmark index retreating from a three-week high, after gauges of manufacturing in China declined, underscoring challenges for President Xi Jinping as he tries to sustain economic momentum while rolling out reforms.

The MSCI Asia Pacific excluding Japan Index slipped by as much as 0.6 per cent, erasing gains of up to 0.2 per cent. Japanese markets were closed for a holiday.

Global equities soared by more than US$9 trillion last year as central-bank stimulus helped the US economy gain momentum and Europe recover from its longest recession.

China's Shanghai Composite Index slipped 0.3 per cent yesterday. South Korea's Kospi fell 2.2 per cent.




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