India, April 19 -- The Thai Stock market has moved lower in back-to-back sessions, slumping almost 25 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,480-point plateau and it may see continued consolidation on Monday.
The global forecast for the Asian markets is gloomy after the Strait of Hormuz was shut down again over the weekend. The European and U.S. markets were sharply higher on Friday, but the Asian bourses are now expected to open under pressure on Monday.
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