I guess a weakening currency = lack of confidence in the wider economy (which is essentially a house of cards in Thailand).dundrillin wrote: ↑Wed Apr 10, 2024 11:03 am I would have thought a weakening baht would have been a catalyst for foreign investors but perhaps they are expecting the baht to weaken further.
SET Watch: The Thailand Stock Market thread
Re: SET Watch: The Thailand Stock Market thread
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: SET Watch: The Thailand Stock Market thread
SET index slides below 1,200 points
The Thai bourse is Asia's worst performing equity market this year
Pressured by weak economic growth prospects, lower than expected company earnings and concerns over the impact of US President Donald Trump's tariffs, the Stock Exchange of Thailand (SET) index slid below 1,200 points on Friday, with analysts saying no significant rebound is in sight.
The Thai index dipped by 2.4% to a low of 1,186.66 points in early morning trade on Friday before recovering to finish at 1,195.26 points by midday, down 1.68%. Heavyweight Delta Electronics Thailand (DELTA) plunged 4.95% in the morning session to 76.75 baht, while Airports of Thailand (AOT) lost 3.45% to 42 baht.
A decline of more than 20% from a peak in October makes the Thai bourse Asia's worst performing equity market in 2025 after foreign fund outflows of nearly US$10 billion in the last two years.
https://www.bangkokpost.com/business/ge ... 200-points
Could be the start of the collapse of foreign investment due to the tax clampdown. I bet the banks are noticing it too. What sane person would bring money into Thailand to trade, get hit with taxes, then pay tax again when they sell the equities!?
The Thai bourse is Asia's worst performing equity market this year
Pressured by weak economic growth prospects, lower than expected company earnings and concerns over the impact of US President Donald Trump's tariffs, the Stock Exchange of Thailand (SET) index slid below 1,200 points on Friday, with analysts saying no significant rebound is in sight.
The Thai index dipped by 2.4% to a low of 1,186.66 points in early morning trade on Friday before recovering to finish at 1,195.26 points by midday, down 1.68%. Heavyweight Delta Electronics Thailand (DELTA) plunged 4.95% in the morning session to 76.75 baht, while Airports of Thailand (AOT) lost 3.45% to 42 baht.
A decline of more than 20% from a peak in October makes the Thai bourse Asia's worst performing equity market in 2025 after foreign fund outflows of nearly US$10 billion in the last two years.
https://www.bangkokpost.com/business/ge ... 200-points
Could be the start of the collapse of foreign investment due to the tax clampdown. I bet the banks are noticing it too. What sane person would bring money into Thailand to trade, get hit with taxes, then pay tax again when they sell the equities!?
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson