STOCKS NEWS THAILAND-Auto parts drop on weak outlook for car sales

Newswire

Shares in auto parts makers dropped after newspapers reported that a Thai unit of Japanese carmaker Mazda Motor Corp has cut production following recent cancellations of car orders. Brokers said the report reflected a slowing car market after the government ended its tax incentive scheme last year. "It's an early sign of the slowing car market. With the second quarter generally a low season, sentiment is weak for order books of auto parts firms," broker Trinity ...

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