Bangkok - Thai shares started strong Wednesday but ended down 3.49 per cent as investors reacted to declines on other bourses in Asia and Europe.

The Stock Exchange of Thailand (SET) index ended at 384.15, down 13.89 points or 3.49 per cent.

"The market is still filled with short-term players who bought in the morning and then sold in the afternoon when they saw European markets were down," said Mongkol Phuangphaetha, an analyst at Adkinson Securities.

"There is no stability for the market," he added. (dpa)