An investor monitors stock prices displayed on an electronic board. (File photo)
The Thai stock market fell on Thursday, after the United States Nasdaq futures market tumbled more than 2% on concerns over the economic impacts of aggressive rate hikes from the Federal Reserve.
The SET Index closed at 1,561.10 points, down 32 points or 2.04% on Thursday, in trade worth 97.7 billion baht, in line with global bourses after a short relief rally after the rate hike faded.
Fed chairman Jerome Powell said in a statement after the June meeting that the group might have to implement a few more 75- or 50-basis-point rate hikes to stave off soaring inflation.
The Fed hiked interest rates by 0.75 basis points on Thursday, the highest since…
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