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Economy

Markets plunge on new variant fears

Published by
The Bangkok Post

Markets plunge on new variant fears Prayut bans travel from Africa as strain spooks investors Thai and global stock markets slumped yesterday after the emergence of a new and likely more contagious Covid-19 variant called B.1.1.529 that triggered a risk-off sentiment. Scientists warned the new strain may be more transmissible and resistant to vaccines than the Delta variant. The Stock Exchange of Thailand Index plunged 37.85 points, or 2.3%, to close at 1,610 points yesterday, with a trade value of 123 billion baht. Share prices of Airports of Thailand, Kasikornbank, and Siam Commercial Bank w…

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