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Thai shares end morning lower in line with regional sell-off after Wall St slump


Published :
Fri, 27 Jul 2007 07:28
By : Agencies
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BANGKOK (Thomson Financial) - Thai share prices ended Friday morning lower in line with a regional sell-off following Wall Street's tumble overnight, and amid fears over violence during weekend anti-coup protests after Thailand's junta chief said he will deploy troops to reinforce security measures by police at the rallies.

The junta's announcement came one day after nine protest leaders were arrested over clashes with police last Sunday that left more than 100 injured.

The Stock Exchange of Thailand (SET) composite index fell 16.82 points or 1.90 percent to close the morning session at 867.34, and the blue-chip SET 50 index lost 13.73 points to 624.83.

'Like other regional markets, the Thai market was under heavy pressure after the big drop in the US market,' said Sukhbir Khanijoh, a senior economist at Kasikorn Securities.

'Also, domestic factors such as concern over violence during weekend protests accelerated selling,' he said.

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