Israel-Hamas conflict to have minor impact on Thai stocks: analysts

In the past, global stock markets, including the Thai market, have been significantly impacted during international conflicts. However, the nature of each attack varies, indicating differences in intensity and flexibility. The recent attacks by Hamas on Israel are seen as limited.

Sornpol Veerametheekul, senior vice president of the securities analysis division at Kasikorn Securities, agreed with the assessment, noting that Thailand is geographically distant from the conflict area, which reduces the direct impact. Historical statistics show that the average global impact of conflicts since 2000 is around 1-4%, while Thailand’s impact is generally lower, around 1-2%. Typically, the effects of such situations tend to subside within 1-2 weeks, after which the market stabilises.

Thai stocks directly impacted are relatively low in number because conflicts like the current one have…