Thai Stocks News

The Thai Stock Market Remains Under Pressure

Photo by M. B. M. on Unsplash
Thai Stock Market Under Pressure due to the Global Economic Environment

Before Monday’s Public holiday for King Bhumibol Day, the Thai stock market had regained some of its losses from the sell-off the week before just below 1700 points, above its resistance level of 1680.

The financial and energy sector lead the SET’s modest gains on Friday. SET Index October 2018

 

Global macro news remains unstable it’s likely to see continued selling pressure on Tuesday. Early trading hours indicate that the SET‘s resistance level may hold.

Forecasts for Asian markets are cautious based on geopolitical concerns. Dow and Nasdaq were down last night, whereas European markets edged into the green.  Thailand, in line with other Asian markets, is likely to follow that lead.

 

ThaiVest Editorial Team