BANGKOK, March 12 (Xinhua) -- A trading circuit breaker on Thursday was triggered as Thailand's stock market fell by 10 percent after the afternoon session resumed.
"We would only activate the circuit breaker if the SET index falls by 10 percent from the previous day's close," said the SET's statement. "All trading in listed securities is halted for 30 minutes."
SET halted the trading from 2:38 p.m. to 3:08 p.m. local time.
The Stock Exchange of Thailand (SET) said that it was is the fourth time that the circuit breaker was used to curb excessive volatility.
Meanwhile, the SET index on Thursday fell by 125.05 points to 1,124.84 points in turnover worth 61.3 billion baht (1.937 billion U.S. dollars).
SET also said that the circuit breaker had only been activated three times in the past to handle high-volatility trading.
The first was in 2006 when the Bank of Thailand temporarily imposed capital controls; The second and third times were on Oct. 10 and 27 during the 2008 subprime crisis, the SET said in its statement on Thursday.
According to SET, circuit breaker will also be activated if the index falls by 20 percent, or another 10 percent, from the previous day's close; Trading in all listed securities will be halted for one hour.
