Asian markets dip, led by Thai shares
On Thursday, Asian shares traded mostly lower, with Thailand’s equities market dropping for the second session in a row on worries over the Thai king’s poor health.
Thailand’s SET index last traded -1.6%, having sunk more than 6% during the previous session. The Nikkei Stock Average managed to reverse its early revenues to sag 0.3% during morning trade, getting to a six-day minimum as the Japanese yen changed direction and even strengthened against the greenback.
Australian S&P/ASX 200 plummeted 0.8%, Korean Kospi lost 0.6%, Hong Kong’s Hang Seng Index moved down 1.1%.
Thailand has been rather a decisive factor for traders. It’s because of the concern on the country’s. It’s really having a huge impact on Southeast Asian markets.
On Wednesday, Thailand’s Royal Household Bureau released a statement telling that King Bhumibol Adulyadej’s overall sickness as well as symptoms are still not stable.”
Meanwhile, China’s September exports sank steeply from a year earlier, as global demand for goods is still sluggish.