On Thursday at 11:13 AM (Bangkok time), the share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) fell by 3.17% or THB 3.00 to THB 91.75, with a trading value of THB 885.11 million.
Hana Microelectronics Public Company Limited (SET: HANA) dropped by 4.26% or THB 2.00 to THB 45.00, with a trading value of THB 245.29 million.
KCE Electronics Public Company Limited (SET: KCE) slumped by 4.30% or THB 2.00 to THB 44.50, with a trading value of THB 248.39 million.
According to sources cited by Bloomberg, the United States is contemplating the introduction of Foreign Direct Product Rules (FDPR) to enhance restrictions on semiconductor exports to China. This consideration arises from the perceived lack of stringent measures taken by allied companies, allowing China continued access to advanced technologies.
Meanwhile, Finansia Syrus Securities (FSS) highlighted four significant points contributing to a negative sentiment surrounding Thai electronic stocks:
- The Thai baht’s appreciation against the US dollar, reaching a two-month high of THB 36 per dollar.
- The 2.77% decline in the NASDAQ composite, which represents technology stocks on Wall Street, along with a drop in tech shares in European markets.
- A downturn in chip manufacturer stocks, following concerns about potential semiconductor export restrictions from the US to China, particularly AI chips.
- Comments made by former President Donald Trump, suggesting that Taiwan should compensate the US for its protection and accusing TSMC of usurping semiconductor businesses from the US, resulting in a decrease in TSMC’s share price.
