Foreign investors continue selling Thai shares

Foreign net-sell was valued at Bt3.3 billion, boosting the month-to-date sells to Bt37 billion.

The Stock Exchange of Thailand index ended 1.75 per cent higher from yesterday's closing. 

The index gained 22.82 points to close at 1,323.88 points, on turnover of Bt60 billion. At one point, the index slid to 1,292.14 points.

Tisco Securities said in a note that volatility should remain high in the near term. It did not expect another sharp fall, while anticipating a rebound. The index lost 64.55 points or 4.73 per cent yesterday. 

Asian markets were mixed after a seesaw session on Tuesday, with Tokyo diving and Shanghai extending its worst rout in almost 20 years, while other regional markets bounced into positive territory.

Shanghai plummeted 7.63 per cent, or 244.94 points, to 2,964.97, wiping out the year's gains and continuing its steepest four-day rout since 1996. 

Tokyo dropped 3.85 per cent to close 733.98 points lower at 17,806.70 -- its sixth straight day of falls and the lowest finish since mid-February.

But other regional shares bounced back into positive territory after a bruising session overnight that saw Wall Street fall the most since the height of the financial crisis and European equities slump.

Sydney closed up 2.72 per cent or 136.02 points at 5,137.30, while Seoul rose 0.92 per cent, or 16.82 points, at 1,846.63 and Hong Kong added 0.72 per cent, or 153.39 points, to close at 21,404.96.

"It will take a big policy reaction out of China" to trigger a proper rebound in global shares, Isao Kubo a strategist at Nissay Asset Management, told Bloomberg News.

"It's best to expect high volatility for the forseeable future rather than jump to conclusions about if this is the end or not."

Chinese shares have been on a roller-coaster ride after a year-long debt-fuelled rally collapsed in mid-June, prompting the government to unleash a vast package of measures to support shares.