MR. D.I.Y. Holding (Thailand) Public Company Limited (SET: MRDIYT) kicked off its first trading day at THB 7.05 per share, a 18% drop from its IPO price at THB 8.60 per share. The decline came amid unfavourable sentiment in the global stock market, following a drag in tech-heavyweight Nasdaq Composite overnight.
Thailand’s SET Index opened at 1,285.12 points, a decrease by 13.48 points or 1.04%.
On Wednesday morning (5 November), major indices in Asia Pacific tracked losses on Wall Street as traders exited positions in AI-focused shares.
Notably, Goldman Sachs and Morgan Stanley advised investors to prepare for a potential market drawdown in the coming two years.
Japan’s NIKKEI dropped by 4.18% to 49,343.84. South Korea’s KOSPI slumped by 4.99% to 3,916.25, and Australia’s ASX 200 decreased by 0.63% to 8,758.40.
As for stocks in China, Shanghai’s SSEC slid by 0.46% to 3,941.90. Shenzhen’s SZI contracted by 1.10% to 13,030.18, and Hong Kong’s HSI fell by 1.11% to 25,663.47.
The U.S. stock markets edged down on Tuesday as the Dow Jones Industrial Average (DJIA) declined by 0.53% to 47,085.24. NASDAQ plummeted by 2.04% to 23,348.63, and S&P 500 lost 1.17% to 6,771.55. VIX surged by 10.66% to 19.00.
