The SET index slid 2.9% on Monday, the most since 2016, with tourism shares among those bearing the brunt of the drop. The baht weakened in line with emerging-market currencies on concern about the fallout from the virus.
Airports of Thailand Pcl, a bellwether for the tourism sector, declined 3.9%, the most since May last year. The Tourism & Leisure equity index fell to the lowest level in six years. The new coronavirus originated in China, where dozens have died from the illness. Many nations have diagnosed the infection in travelers from China.
Most the Asean markets unrecoverable much in 2020 even Malaysia!
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