Thai shares fall 10.5 percent

October 27th, 2008 - 8:25 pm ICT by IANS  

Bangkok, Oct 27 (DPA) Thai shares lost 10.5 percent of their value Monday, prompting a circuit break at 4 p.m., as investors continued to dump equities in panic selling.The Stock Exchange of Thailand (SET) index ended at 387.43, down 45.44 points or 10.5 percent, crashing through the 400-point psychological barrier.

Authorities enforced a 30-minute circuit break at 4 p.m. after the market tumbled more than 10 percent.

“Asia fell hard today in region-wide panic selling,” said Phuwadon Larpudomsuk, an analyst at Asia Plus Securities.

“There was no buying power, just selling power,” he added.

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