Thai share prices plunged on Tuesday after the central bank took the most stringent measure since the 1997 Asian financial crisis to curb the baht’s rise, dealers said.
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Blue-chip stocks, which set record highs the past two sessions, ran out of gas Monday and the market slumped into the red.
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Japanese stocks fell on the open Tuesday as the market took a breather from a seven-month high on Monday.
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Stocks spent most of the day in positive territory as investment bankers squeezed in more deals before year end, and helped keep a floor under share prices for most of the day.
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The Toronto stock market closed down Monday as weakness in the oil and gold sectors won out over strength in telecom shares.
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Stocks had an upbeat start following another round of merger bids Monday, but profit-takers emerged at midsession and forced the major indices into retreat.
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Stocks spent most of the day in positive territory as investment bankers squeezed in more deals before year end, and helped keep a floor under share prices for most of the day.
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Wall Street fell for the first time in four sessions on Monday as concerns about the technology and energy sectors overshadowed some $81 billion in takeover activity.
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Investors pared gains Monday when a barrage of takeover activity sent the Dow Jones industrials into record territory on further evidence of corporate confidence as 2006 draws to a close.
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The Dow Jones industrial average, seeking a third consecutive record close, continued a slow climb Monday but other indexes slipped in early afternoon trading.
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