BANGKOK: Thailand suspended trading on its stock exchange for one hour on Friday at the start of the afternoon session after the index fell by 10.02 percent amid a global market meltdown.

The SET composite index had fallen 50.08 points by 2.30pm (0730 GMT), opening the afternoon session at 449.91, while the SET-50 bluechip index fell 37.94 points or 10.90 percent to 310.20.

The drop was in line with regional markets amid fears of a global recession and financial meltdown.

The policy of the Securities Exchange Commission is to suspend the Thai bourse when stocks fall by more than ten percent.


- AFP/so