Thailand’s Stocks Slide, Heading for Worst Month Since 2011
Thai Stocks Drop More Than 20% From Record High on Virus Fears
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Thai stocks slumped, set for the biggest monthly drop in more than eight years, on mounting concern about the economic impact of novel coronavirus on Southeast Asia’s second-biggest economy.
The benchmark SET Index fell as much as 3.9% to 1,341.18 before trading at 1,343.39 as of 10:02 a.m. in Bangkok. The measure is down 11% this month, poised for the largest monthly decline since September 2011. International investors have withdrawn $617 million this month, set for the seventh month of outflows.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net
To contact the editors responsible for this story: Sunil Jagtiani at sjagtiani@bloomberg.net, Margo Towie
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