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Thai stocks drop 2 pct after Map Ta Phut ruling

Wed Dec 2, 2009 4:23am EST

Stocks

   

BANGKOK, Dec 2 (Reuters) - Thailand's stock market .SETI dropped 2 percent on Wednesday after a court lifted the suspension of only some of those operations at the huge Map Ta Phut industrial estate frozen in September because of environmental concerns. [ID:nBAK002948]

By 0915 GMT, the main index had slid 2.03 percent to 695.63, reversing from Tuesday's 3 percent rise, which had been attributed to optimism over the verdict, announced much earlier than expected.

Wednesday's fall was led by losses in energy giant PTT PTT.BK, which lost 3.8 percent, and Siam Cement (SCC.BK), which slumped 5.5 percent. PTT Chemical PTTC.BK lost 5.6 percent. ($1=33.17 Baht) (Reporting by Ploy Ten Kate; Editing by Alan Raybould) ((ploy.tenkate@thomsonreuters.com; +662 648 9735; Reuters Messaging: ploy.tenkate.reuters.com@reuters.net)) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))



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