The Stock Exchange of Thailand (SET) index slipped below 1,500 points in early trading hours yesterday, then traded near the 1,500-point mark for most of the day as foreigners continued to sell Thai shares amid interest rate hikes and political uncertainty.
The index dipped to a low of 1,495.82 points 15 minutes after trading started on Friday, down from Thursday’s close of around 1,509 points — the lowest in more than two years. The index then rebounded and finished at 1,506.77 points by midday.
The baht traded at a three-month low of 35.25 to the dollar and was set to end the week 1.7% lower,…
