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It's a bad day for markets in Southeast Asia. In Bangkok, Thai shares (THD -5.73% premarket)...

It's a bad day for markets in Southeast Asia. In Bangkok, Thai shares (THD -5.73% premarket) collapse nearly 5% amid $178.57M in selling by foreign investors, while Philippine equities (EPHE -3.77% premarket) plummet 4.64% in Manila. Foreign selling totaling some $400M hits Indonesian stocks (EIDO, IDX -2.1% premarket) which sink 3.5% in Jakarta, making for a horrendous two-day slide. Malaysia (EWM) was steady and the 0.94% loss witnessed in Singapore (EWS, EWSS) seems comparatively tame.
Comments (2)
  • GaryLee276
    , contributor
    Comments (153) | Send Message
     
    How long will it take for THD to recover?
    11 Jun 2013, 08:37 AM Reply Like
  • Andrey Udovitskiy
    , contributor
    Comments (21) | Send Message
     
    Fundamentally, there are no reasons for such decline, but the sell-off. Personally, I'm betting for staying in for cheaper prices, until the summer end at least.
    11 Jun 2013, 09:18 AM Reply Like
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