SET forecasted to dip amid US bond yield uncertainty

The Stock Exchange of Thailand (SET) index, which dipped below 1,400 points last Friday, is anticipated to continue its downward trajectory this week, potentially hitting 1,330 to 1,350 points, as per market analysts’ predictions. Factors contributing to this trend include fluctuating US bond yields and uncertainties in global factors.

Wikij Tirawannarat, a senior executive at Bualuang Securities, pointed out that the exchange was burdened last week due to the unstable nature of US bond yields. This situation is set to persist this week.

“If bond yields persist in their rise, the impact will be felt on inflation and consequently on the interest rate.”

Wikij added that the SET’s vulnerability may lead to an index of around 1,330 to 1,350 points. He recommended that short-term equity investors maintain a cautious approach.

…