Thai Stocks Drop 10pts, Tracking Losses of Regional Markets as Geopolitical Fears Weigh

The Stock Exchange of Thailand (SET) lost about 10 points on Wednesday, in line with regional markets, as investors feared that an overnight missile strike on Poland could escalate the continuing conflict in Ukraine, triggering a market correction.

As of 14.33 hrs. (Thai time), the SET Index dipped 10.02 points, or 0.61%, to 1,619.36.

According to RHB Securities (Thailand), one of the reasons for the market’s decline during the afternoon session was the market’s return to the correction zone after a brief rally, combined with a sell-off following 3Q22 earnings reports.

Furthermore, the market has entered a risk-off phase in response to fears of a missile attack in Poland.