Analysts flagged potential downswings to the Thailand Stock Exchange (SET) index due to ongoing business uncertainties in Russia and loan defaults in China’s property market. Over the past week, the SET index experienced a seven day consecutive drop, and despite brief rallying, finished in the red.
Concerns stemming from smaller stock performances and news of Chinese property market default have contributed to cautious investments and overall market instability leading to business uncertainty. Recent development saw the SET index decrease by 0.49%, settling at 1,478.10 points.
Rakpong Chaisuparakul, senior VP of KGI Securities (Thailand), suggests the trend of ‘sideways down’ market activity may persist due to underlying investor anxieties. These concerns, contributing to business uncertainty, revolve around international economic health and the…
