The stock market of one of Australia’s closest neighbours is in trouble, with a huge tech company on the brink of collapse as its value plunges by more than 99 per cent.
Thailand-based tech manufacturer Stark Corp has lost a staggering 99 per cent of its market capitalisation in the past six months and defaulted on some of its 39 billion baht (A$1.7 billion) in liabilities.
The crash has been exponential — Stark shares plummeted by more than 30 per cent on Friday alone.
h/t Simian_Stacker
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