Thailand’s SET Index closed at 1,417.45 points, decreased 23.40 points or 1.62%, with a trading value of THB 73.42 billion. The analyst stated that the Thai market plunged along with international markets due to the prolonged Middle East war, which raised concerns over the economy, especially from oil-linked inflation.
Adding to that were signals from the U.S. Federal Reserve, indicating a slower rate-cut prospect, while the market also faced “sell on fact” pressure after the selection of the Prime Minister was concluded.
For tomorrow, the analyst expects the Thai market to move with volatility, recommending investors closely monitor the Middle East conflicts.
Anutin Charnvirakul has been reaffirmed as Thailand’s Prime Minister after receiving 293 out of 499 parliamentary votes on March 19, 2026. The outcome establishes a clear mandate for Anutin, signaling continuity and potential policy stability at a time of regional and domestic uncertainty.
Foreign tourist arrivals in Thailand for the week of March 9–15 stood at 628,451, up by 2% week-on-week but down 1% year-on-year, averaging 89,779 visitors per day. The strongest growth came from India and China, while arrivals from Malaysia, Russia, and Japan showed modest declines.
Overall, the recovery in Thailand’s tourism sector is being led by short-haul markets, especially China, India, and Japan, while Middle East and European markets are gradually improving as flights increase.
The Bank of Japan has opted to leave its benchmark short-term interest rate unchanged at 0.75%, sustaining its highest level in three decades. The central bank’s decision on March 19 reflects a cautious approach as policymakers juggle persistent wage growth with the uncertainty created by turbulent global energy markets.
The Federal Reserve decided to keep its benchmark interest rate within the current 3.5% to 3.75% range. This move comes as U.S. labor market data points to a slowdown, and heightened uncertainty persists due to ongoing conflict in Iran. For investors, the central bank’s decision signals a cautious approach as officials weigh the combined impact of weaker employment figures and global risks.
