Thailand’s SET Index slumped further in the afternoon as Russian invasion of Ukraine gets underway.
At 15.00 hrs. local time in Thailand, the SET Index dropped 33.38 points or 1.97% to 1,663.07 points, with a total trading value of THB97,352 million.
Analysts suggested the Thai stock market fell in lockstep with regional and US markets in response to fears over the escalating tensions between Russia and Ukraine after Russia launched military operations in Ukraine early this morning.
According to foreign media reports, Russian President Vladimir Putin said early Thursday that he has “decided to conduct a special military operation” to protect eastern Ukraine’s Donbas region. NATO officials confirmed shortly afterwards that Russia had begun attacking Ukraine.
Analysts place the first support level at 1670 points, the second support level at 1660 points, and the resistance level at 1680 points for the afternoon session, urging that investors closely monitor the situation in Eastern Europe.
