Thailand’s SET Index closed at 1,384.61 points, decreased 81.90 points or 5.58%, with a trading value of THB 159.37 billion. The analyst stated that the Thai market plummeted along with the global market trend due to downward pressure from the Middle East conflicts and the closure of the Strait of Hormuz. This raised concerns over energy prices and caused a panic sell, plunging the SET Index by 8% in the morning session, and triggering the Circuit Breaker measure for the first time in six years. Later, the index pared some losses in the afternoon session.
The analyst expects the Thai market to potentially rebound tomorrow.
In the latest data, Thailand welcomed 676,963 international tourists last week, averaging 96,700 visitors per day. This figure represents a 23% week-on-week decrease, largely attributed to a slowdown across all market segments, particularly East Asian markets following the end of Chinese New Year holidays.
President Donald Trump declared his intent to impose a complete trade embargo on Spain after Madrid denied U.S. forces access to Spanish military bases for operations relating to recent strikes on Iran. The announcement raises uncertainty for economic ties between the United States and Spain.
South Korea’s KOSPI index erased weeks of gains, dropping over 10% on Wednesday following intensified conflict in the Middle East triggered by U.S. military action against Iran. The slide follows a historic run for the Korean equity benchmark, which had surged 44% so far this year, surpassing 6,000 points—fueled largely by strength in semiconductor shares.
