Thai shares likely to face bleak outlook

The Thai stock market faces a bleak outlook next week following panic selling world-wide amid a global market meltdown, an analyst said. "Next week's outlook really depends on the series of measures expected to be adopted by the big global economies, but overall I predict our market will stay put or face further sell-offs," Sukit Udonsirikul, an analyst at Siam City Securities said.
The Thai bourse suspended trading for the second time since December 2006 on Friday, closing for 30 minutes after the index plunged more than 10 percent.
The Stock Exchange of Thailand (SET) composite index fell 138.09 points or 23.40 percent over the week to close Friday at 451.96.