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 Stocks
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19 Dec 06 09:33
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Thai stocks plummet by 15%
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Vipin Wilson
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Bangkok, Dec 19: Thai stocks plummeted nearly 15 per cent after the country's central bank introduced new controls on foreign investment, rattling markets throughout the region in the most dramatic turmoil since the 1997 Asian financial crisis.
Investors dumped stocks in Hong Kong, India, Indonesia, Malaysia, South Korea and the Philippines amid contagion concerns that the plunge might spread through the region and trigger the kind of slump that enveloped Asia nearly ten years ago, reports...
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