SE Asia Stocks: Thailand leads losses amid euro zone concerns
BANGKOK, May 10 – Thai shares fell to three-week lows while Philippine stocks hit their lowest in almost two weeks today, led down by index heavyweights amid concerns over debt problems in Europe.
Most other Southeast Asian stock markets recouped early losses.
Thailand’s main SET index fell 1.38 per cent, extending its loss for a second day to 1,190.65, the lowest close since April 23. The Philippine index ended down 0.4 per cent at 5,192.10, the lowest close since April 30.
Indonesia saw outflows for three consecutive sessions to yesterday for a combined US$129 million (RM395.97 million) and Thailand posted US$76 million in outflows yesterday, after taking in US$62 million in inflows in past two sessions, Thomson Reuters data showed. – Reuters