SET Index hits 22-month low

At 3.22pm, the index stood at 1,295.22 points, recovering from the intra-day low of 1,294.74 points. 

The index was last seen moving in the range in February 2014.

Asian markets' losses continued today, despite a slight recovery in oil prices. According to AFP, the impact of the weak commodity price environment was also made stark Tuesday when US mining giant Anglo American said it would scythe almost two-thirds of its workforce and reduce investment by about US$1 billion. Meanwhile, China's ongoing economic woes still cast a pall over the region's trading floors.