Thai Market Falls On Concerns Over China

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Thai market falls on concerns over China

By The Nation

The Thai stock market on Thursday shed 1.75 per cent, as investors fear for new measures from China to tame the overheating economy.

The composite index lost 12.81 points to end at 718.99 on turnover of Bt18.8 billion.

Analysts attributed the fall to investors' growing worries over additional measures from China. China showed the fourth quarter economic growth of over 10 per cent, pushing the annualised growth to 8.7 per cent. Much were due to the four trillion yuan (US$568 billion) stimulus package.

World Bank however warned the country could face the US-styled bubble. Bloomberg reported that Chinese banks may have extended more than 1.1 trillion yuan ($161 billion) of new loans in the first two weeks of January, referring to the China Securities Journal.

-- The Nation 2010-01-21

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