A man looks at an electronic board displaying stock prices at Asia Plus Securities. Pornprom Satrabhaya
Many global markets crashed on Wednesday, with Thailand’s stock market following suit on Thursday, dipping by 1.98%.
Investors were disappointed with the chairman of the Federal Reserve’s statement that the Fed is retaining it monetary policy without any new stimulus measures.
The Thai stock market fell to its lowest point in a month, with investors selling off large-cap stocks, especially bank and energy stocks.
Some analysts projected the SET Index had been edging closer to an upside limit, driving investors to sell stocks after prices dropped to take profits.
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