SET chief allays fear about Credit Suisse

Investors warned to expect share volatility in the short term until global banking picture clears

A man walks past the Credit Suisse office at Canary Wharf in London on Thursday. (Reuters photo)

The president of the Stock Exchange of Thailand (SET) has rushed to calm investors’ concerns regarding the troubles of Credit Suisse and global anxiety about banks in general.

However, Pakorn Peetathawatchai warned that trade would continue to be volatile on the local bourse in the short term until investors get a clearer idea about the health of the banking system in some countries.

The Thai stock exchange, following a significant rebound on Wednesday in line with other regional markets, was down by nearly…

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