Thai stocks fell 0.6% on Friday in thin trade as an interest rate cut by the European Central Bank the day before failed to rouse investor sentiment.
The Stock Exchange of Thailand Index shed 10.24 points to close at 1,578.95, down 0.2% from the previous Friday's close of 1,582.93. Turnover was low at 43.9 billion baht, with 9.79 billion shares traded. The local market is up 13.5% from the end of 2012.
The European Central Bank on Thursday reduced its policy rate by 25 basis points to 0.5% in an attempt to spur the faltering euro zone economy, but analysts said the move had been widely expected. The ECB on Friday forecast the euro zone economy would contract by 0.4% this year.
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