Manforallseasons
August 18th, 2015, 10:47
Thai market, baht hammered after Bangkok blast
Ansuya Harjani | @Ansuya_H
18 Mins Ago
CNBC.com
Bloomberg | Getty Images
Thai stocks and the local currency slumped on Tuesday amid heightened uncertainty after deadly bomb blasts rocked the country's capital Bangkok late Monday.
The benchmark SET index opened down 2.7 percent at 1,408, while the Thai baht fell to its weakest level in more than six years. The baht lost as much as 0.5 percent, falling to 35.55 against the U.S. dollar, its lowest since April 2009.
"Struggling after a string of soft economic data, Thai currency woes were compounded last night following the surprise Yuan devaluation last week and now, a potential hot spot, which just adds to the negatives," said Stephen Innes, senior trader at the financial technology company, OANDA.
Ansuya Harjani | @Ansuya_H
18 Mins Ago
CNBC.com
Bloomberg | Getty Images
Thai stocks and the local currency slumped on Tuesday amid heightened uncertainty after deadly bomb blasts rocked the country's capital Bangkok late Monday.
The benchmark SET index opened down 2.7 percent at 1,408, while the Thai baht fell to its weakest level in more than six years. The baht lost as much as 0.5 percent, falling to 35.55 against the U.S. dollar, its lowest since April 2009.
"Struggling after a string of soft economic data, Thai currency woes were compounded last night following the surprise Yuan devaluation last week and now, a potential hot spot, which just adds to the negatives," said Stephen Innes, senior trader at the financial technology company, OANDA.