The Thai stock exchange fell more than 3%, almost 50 points, on Tuesday in tandem with most Asian stock markets due to fears of contagion effects from the collapse of US banks.
The Stock Exchange of Thailand (SET) index closed on Tuesday at 1,523.99, down 49.18 points or -3.13% in trade worth 103.8 billion baht.
The SET pointed out that investors had overreacted to what has occurred, and the agency and the Securities and Exchange Commission (SEC) are preparing to implement circuit-breaking measures in a bid to control the situation.
SET president Pakorn Peetathawatchai said that the plunge took place not only in Thailand but also in Asian and European stocks.
This was, he said, due to several factors, including the falling Brent crude oil price, a slow recovery of the global…
