Southeast Asia’s second-largest economy has buckled under a collapse of its tourism sector. FMTNews Thailand
SINGAPORE: Thailand’s stocks slid the most since the global financial crisis as investors dumped riskier assets amid a global equity rout.
The measure ended the morning session 8.8% lower, the second-steepest slide in a major regional equities gauge after the Philippine benchmark.“The market is reacting now more to the fear of global investors,” said Win Phrompaet, a fund manager at Principal Asset Management Co in Bangkok. “This may be a time to start buying, the market has reacted too much.
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