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Latest Business News

Thai Stocks Tumble 3 Percent

Wednesday, January 03, 2007 5:48:06 AM
By MICHAEL CASEY

A Thai soldier guards at a sky train station as commuters walk past in Bangkok, Thailand Wednesday, Jan. 3, 2007. Thailand's powerful military council on Wednesday declared that New Year's Eve bomb attacks in Bangkok were staged by politicians and renegade army officers loyal to exiled Prime Minister Thaksin Shinawatra who want to topple the government and vowed to punish those behind the bombings, which killed three people and wounded nearly 40 on the New Year's Eve. (AP Photo/Apichart Weerawong) BANGKOK, Thailand (AP) - Thai stocks tumbled 3 percent Wednesday as a string of bombings over New Year's in Bangkok further shook investor confidence in the Asian nation.

In its first trading day of the year, the Stock Exchange of Thailand's benchmark SET Index fell as much as 3.8 percent before recovering some to close at 659.25, down 3 percent from Friday. The market was closed Monday and Tuesday.

Other Asian markets were not affected, with Hong Kong's benchmark index hitting a record high.


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