The Thai stock market plunged 4.40% right after the opening bell on Tuesday as the market felt the impact from stock rout, coming out of holiday on Monday amid trade war escalation between Trump and the world.
The Thai stock market was closed for holiday on Monday, while global markets were opened and had to face a sharp decline due to concerns of global economic downturn from the U.S. President Donald Trump’s trade policies. The Thai stock, SET Index, plunged 50 points or 4.40% to 1,075.67 points just a few minutes after the kickoff on Tuesday.
Daol Securities (Thailand) anticipates that the index may face volatility in line with global markets due to the U.S. import tariff measures. The Thai stock market hit new lows once again since the COVID-19 crisis, following a tumultuous week marked by crises such as the Bangkok earthquake and the announcement of U.S. import tariff measures, which added pressure globally.
