SET tumbles, AoT shares lead losses

A trader reacts as share prices fall on the New York Stock Exchange in New York on Wednesday. Thai shares also dropped in morning trading on Thursday.(Photo: Reuters)

The Stock Exchange of Thailand index plunged on Thursday in line with other bourses amid growing concerns over the global coronavirus pandemic.

The SET dived 74.57 points, or 5.97%, to 1,175.32 shortly after the open in turnover of 9 billion baht. The SET50 index faired even worse, plummetting 59.58 points, or 7.24%, to 763.41.

Airports of Thailand shares led the losses as it shed 5 baht, or 8.26%, to 55.50, while PTT Plc shares dropped 1.50 baht, or 5.13%, to 27.75.

The plunge was in line with markets around the world which were in the red after the World Health Organization declared the coronavirus outbreak a pandemic.