Monday, October 27, 2008

Thailand: Stock Exchange Temporarily Halts Trade

BANGKOK, THAILAND: A Thai official says trading on the Stock Exchange of Thailand has been temporarily halted after a 10% slide in its index.

The market fell 43.29 points _ or 10% _ from the market's previous closing level, triggering a so-called "circuit breaker."

SET President Pattariya Benjaphonchai said trading was automatically suspended for 30 minutes.

The SET Index was at 389.58 points when trading was suspended.

It was only the third time in the market's 30-year history that the circuit breaker was triggered. The first was in December 2006, when an interim government announced controversial controls on capital flows and the second was on 10 Oct in line with regional markets. (AP)

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