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Saturday, May 11, 2024

SET stumbles on domestic, external risks

Threat of rising rates spooks investors

An electronic display of stock indices. The Stock Exchange of Thailand remains under pressure following months of political uncertainty.

Concerns over rising global interest rates and domestic political uncertainties dragged down the Thai bourse to below 1,500 points again on Thursday, say analysts.

The Stock Exchange of Thailand (SET) remains under pressure following months of political ambiguity.

Asia Plus Securities (ASPS) projects the SET index will rebound significantly to 1,600 points if the vote for a new prime minister is not prolonged from next week, with a new stable and unified government formed.

The SET index dipped by 1.22% on Thursday to finish at…

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