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(单词翻译:双击或拖选)
By Heda Bayron
Hong Kong
19 December 2006
Thailand's stock market fell more than 12 percent (update with closing) after the central bank imposed controls on the flow of foreign currency into the country. The measure is intended to halt the strengthening of the Thai currency. VOA's Heda Bayron reports from Hong Kong.
A bank electronic board showing the Hong Kong share index, 19 Dec 2006
The Stock Exchange of Thailand (SET) halted trading for half an hour Tuesday after share prices dropped more than 10 percent.
Paweena Dejitikula, an analyst1 at BT Securities in Bangkok, says the record-breaking sell-off follows the Thai central bank's decision to impose capital controls.
"It seems like the foreign investors2 over-reacted. There is panic selling, especially in the big cap [high-priced] stocks," said Dejitikula.
Under the new measures, foreign investors will have to keep about one-third of their money in Thailand for at least a year or face penalties.
Analysts3 say it is the toughest action the Bank of Thailand has taken to curb4 the flow of funds since the 1997 Asian financial crisis.
The plunge5 in Bangkok share prices rattled6 investors around Asia, and most regional markets fell Tuesday.
1 analyst | |
n.分析家,化验员;心理分析学家 | |
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2 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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3 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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4 curb | |
n.场外证券市场,场外交易;vt.制止,抑制 | |
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5 plunge | |
v.跳入,(使)投入,(使)陷入;猛冲 | |
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6 rattled | |
慌乱的,恼火的 | |
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