January 3, 2007
BANGKOK (AFP) - Thai share prices fell 1.33 percent in morning trade Thursday after oil hit a record price of 100 dollars per barrel and amid concerns over the stuttering US economy, dealers said.
They said a sell-off across Asia after an overnight tumble on Wall Street had also hit sentiment.
The Stock Exchange of Thailand (SET) composite index fell 11.21 points to close the morning session at 831.76, while the blue-chip SET 50 index lost 9.12 points to 607.78.
"Investors were worried about a slowdown in the US economy this year, and some investors were even worried about a recession," said Kavee Chukitkasem, a senior market analyst at Kasikorn Securities.
The record oil price had also stoked concerns about higher inflation, Kavee said.
