Thai stocks fall almost 3% after deadly Bangkok bombing

The scene a day after the deadly blast at the Erawan shrine in central Bangkok.
The scene a day after the deadly blast at the Erawan shrine in central Bangkok.PHOTO: REUTERS

BANGKOK (REUTERS) - Thai stocks fell almost 3 per cent on Tuesday (Aug 18) after a deadly bomb blast in central Bangkok which the government called a bid to destroy the economy.

By 0301 GMT, the benchmark SET index was down 2.7 per cent at 1,371.19 points.

Shares related to the tourism industry were hit the hardest, with hoteliers such as Minor International, Central Plaza Hotel and Erawan Group dropping more than 10 per cent.

Airport operator Airports of Thailand Pcl was down 8 per cent.

A bomb planted at one of the Thai capital's most renowned shrines on Monday killed 22 people, including eight foreigners, and wounded scores.

The attack also sent the baht falling as much as 0.8 per cent to 35.648 per US dollar on Tuesday, its weakest intraday level since April 23, 2009. It was down 0.4 per cent to 35.523 by 10:59 am in Tokyo.

The baht also weakened against the Singapore currency, trading at 25.27 to the Singdollar at about 11:15am on Tuesday, down from Monday's close of 25.09.