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Thai stocks tumble 10 percent, trading halted
The Associated Press , Bangkok | Fri, 10/10/2008 4:55 PM | Business
Trading on the Thai stock market was temporarily halted after a 10 percent slide in its index.
A statement from the Stock Exchange of Thailand said a Friday fall of 50.08 points - or 10.02 percent - from the market's previous closing level triggered a so-called "circuit breaker," meaning trading was automatically suspended for 30 minutes.
Trading was suspended at 2:35 p.m. – five minutes after the opening of the afternoon trading session - and resumed at 3:05 p.m.
The SET Index was at 449.91 points when trading was suspended.
It was only the second 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.
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