...

Thai shares drop 3.28 per cent on Japan jitters

Business Materials 18 November 2008 14:07 (UTC +04:00)

Thai shares lost 3.28 per cent Tuesday on jitters from news of Japan's recession, reported dpa.

The Stock Exchange of Thailand (SET) index ended at 419.97, down 14.24 points, on 7.9 billion baht (229.7 million dollars) in transactions.

"The Thai market was following the Hong Kong and Tokyo bourses down," said Phuwadol Larpudomsuk, an analyst at Asia Plus Securities. "Investors are worried about the impact of recession in Japan on the region."

Japan is a key investor in Thailand, particularly in the automobile manufacturing sector that drives Thai exports.

Latest

Latest