Thai stocks plunge as more virus cases spur fear of outbreak

The outbreak of the disease known as Covid-19 has hurt Thailand’s tourism-reliant economy and pummeled both its stock market and currency.

BANGKOK: Thailand confirmed three more Covid-19 novel coronavirus cases, taking the country’s total to 40, and said it will step up efforts to contain the disease. The stock market slumped the most since 2014.

The new cases are in one family and include two people who returned from Hokkaido in Japan and are thought to have contracted the illness there, Permanent Health Secretary Sukhum Karnchanapimai said in a briefing.