Close

Investors flee stocks for gold

Thai shares plunged % to close at points as regional stock markets were shaken by the rising tensions between North Korea and the USA. PATTARAPONG CHATPATTARASILL

Thai shares lost 0.7% yesterday, tracking the global slide, as investors fled to safe havens on mounting tensions between the US and North Korea. The local gold bullion price rose by 150 baht per baht-weight of gold to 20,250 baht per baht weight.

Asian stock markets were a sea of red. The benchmark SET index started the day on a sour note, and the intensified sell-off sent the main bourse to the day's trough of 1,556.22 points before bargain-hunting pared losses. The index settled at 1,561.31 in brisk turnover worth 43.3 billion baht.

The Hang Seng Index was the top loser in the region, slumping 2%, while South Korean shares ended 1.7% lower, the Shanghai Composite Index plummeted 1.6%, Singapore's FTSE Straits Times Index ended down 1.3% -- its biggest percentage loss since October 2016 -- and Indonesia's Jakarta Composite plunged 1%.

The content shown above is only a small part of the full content, which we reserve for Bangkok Post digital archive subscription members. Please log in or subscribe to get the full content.

RECOMMENDED STORIES

Back to top
Switch colour tone