“Ticker tape was the earliest digital electronic communications medium, transmitting stock price information over telegraph lines, in use between around 1870 through 1970.”
Following three days of heavy losses, the Stock Exchange of Thailand (SET) has made some stutters toward recovery.
Today, the SET rose 3.27% to close at 1,449.16 points at the end of the morning trading session.
This is a marked improvement from Thursday, when the SET nose-dived 5.52% in a matter of hours.
According to the Nation, Thailand is not alone in its financial woes. As foreign capital retreats toward the US, Asian and Southeast Asian countries such as Japan, the Philippines, Taiwan and South Korea have all experienced significant dips in their stock markets.
However, economic analysts are predicting that this remarkable downturn is temporary, and that the ship should list back towards center before long.
