Thai shares fell to their two-week low on Tuesday on concerns about the US fiscal cliff and about the Greece's debt crisis, while the Philippines and Vietnam stocks also ended weaker. Major Southeast Asian stock markets in Singapore, Indonesia and Malaysia were closed for a public holiday. Thailand's broader stock index fell 0.4 percent to its lowest since October 29, while the Philippines and Vietnam lost 0.3 percent and 0.9 percent, respectively, in thin volume.
"Global concerns due to US fiscal cliff and Greece's debt problem are the main factors," said Pichai Lertsupongkit, head of investment advisory services at Thanachart Securities.
"The markets will be waiting to see directions from the fiscal cliff and Greece's debt issue and we might see sideway movements until then." In Hanoi, shares in several Vietnam-listed property companies fell on concerns over bad debt, and analysts expect further fall in the real estate stocks.
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