Thai Tech Stocks Slide amid Pressure from Wall Street

On Wednesday at 10:50 AM (Bangkok time), the share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) dropped by 1.64% or THB 2.00 to THB 120.00, with a trading value of THB 603.85 million.

Hana Microelectronics Public Company Limited (SET: HANA) plummeted by 3.05% or THB 1.25 to THB 39.75, with a trading value of THB 289.33 million.

KCE Electronics Public Company Limited (SET: KCE) decreased by 1.31% or THB 0.50 to THB 37.75, with a trading value of THB 52.25 million.

 

FSS International Investment Advisory Securities (FSSIA) stated that the Thai stock market on Wednesday is anticipated to face pressure, driven by adverse sentiments emanating from the US markets due to the selling off of technology stocks. This development has triggered a decline in technology stocks within the Thai market, as well as contraction in the Asian markets.