Thailand Business News

Thai stock exchange nosedived on Thursday morning after the World Health Orghanization declared a global Covid-19 pandemic and the US banned the entry of travellers from mainland Europe.

The Stock Exchange of Thailand (SET) index plunged more than 10% triggering phase one of an automatic circuit breaker for 30 minutes.

The first stage occurs if the SET index falls by 10% from the previous day’s close. All trading in listed securities is halted for 30 minutes.

The second stage occurs if the index falls by 20%, or another 10%, from the previous day’s close. Trading in all listed securities is halted for one hour.

The post Thai SET in free-fall triggers circuit breaker appeared first on Thailand Business News.

Source link : Thai SET in free-fall triggers circuit breaker by Carlos Fuitzer

You May Also Like

Bangkok ranks 11th in Asia’s top millennial-friendly cities

Many young people are willing to move abroad in order to pursue…

BoT trims growth forecast to 3.3% from 3.8%

BANGKOK, 28 June 2019(NNT) – The Bank of Thailand (BOT) announced yesterday…

World’s top ten fastest growing tourism cities are all in Asia

The World Travel & Tourism Council (WTTC) has launched today new city…

Thailand has welcomed over 7 million foreign tourists since January 1st

Heading into the traditional high season of October to March, Thailand’s full…