The Stock Exchange of Thailand (SET) extended its losses on Wednesday along with other Asian bourses after the US reported sticky inflation, increasing the likelihood the Federal Reserve will keep interest rates elevated.
South Korea’s Kospi led losses, falling 1.53% on Wednesday, as Hong Kong’s Hang Seng dropped 1.43%.
Japan’s Nikkei 225 closed 0.37% lower, while the Shanghai Composite fell 0.39%.
The SET index, following volatile trade in the morning session, closed down 0.32%, continuing from a 0.73% dip on Tuesday after the disappointing fourth-quarter results of Thai listed companies.
Analysts said Asian stock markets dropped after the US reported a January Consumer Price Index (CPI) of 6.4%, compared with 6.45% last month and 7.48% last year, exceeding market…
