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Friday, May 17, 2024

Stocks sink ahead of three-day weekend

Mideast tensions and US interest-rate outlook push SET Index below 1,400 points

An investor looks at a flood of red at a brokerage in Bangkok. The Stock Exchange of Thailand (SET) index slipped below 1,400 points briefly on Friday ahead of the three-day weekend. (Bangkok Post file photo)

The Stock Exchange of Thailand (SET) index plunged below 1,400 points on Friday ahead of the three-day weekend, as other regional markets also tracked Wall Street’s overnight declines amid hawkish statements from the US Federal Reserve about further US interest rate hikes.

The Thai…

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