The Thai stock market is facing a potential slump this month, following a 6.1% drop in October and a 17.2% decline year-to-date, due to potential delays to a significant digital wallet scheme and a slower-than-anticipated recovery in the tourism sector. Such concerns are sparking significant investor anxiety, according to industry analysts.
Sompong Benjathepanan, the assistant managing director at AIRA Securities, highlighted that the Stock Exchange of Thailand (SET) index shed 100 points, making it the second-poorest global performer after Israel’s exchange. He also raised concerns about the Thai government’s economic stimulus policies.
“They lack clarity in terms of funding sources.”
Sompong also pointed out that recent reports hinting at a potential delay to the 10,000-baht digital wallet scheme until September could further weaken…
