The Stock Exchange of Thailand (SET) has had a difficult year, losing 15.2% of its value in 2023.
In contrast, many major markets in North America and Europe saw double-digit percentage gains despite concerns about the global economy. The S&P 500 has experienced a strong rebound in 2023, led by technology stocks, with a total return of about 21% for the year.
Key Takeways
- The Stock Exchange of Thailand has experienced the worst performances in Asia, with a 15.2% drop in value compared to the previous year.
- Political uncertainty and a weak baht have contributed to investor hesitancy and a lack of confidence in Thai shares.
- Foreign investors have been net sellers of Thai shares, while local institutions and retail investors have been net buyers.
The year 2023 has been a turbulent one for the Thai stock market, as several scandals, defaults and volatility have shaken investor confidence…
