India, July 16 -- The Thai stock market on Wednesday snapped the three-day winning streak in which it had rallied more than 50 points or 4.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,160-point plateau although it may find renewed support on Thursday.

The global forecast for the Asian markets is cautiously optimistic on easing inflation concerns. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The SET finished modestly lower on Wednesday following losses from the food, consumer, property, resource and technology sectors.

For the day, the index slipped 3.38 points or 0.29 percent to finish at 1,157.63 after trading between 1,154.13 and 1,167.80. V...