Stock markets globally also dropped heavily as geopolitical anxiety intensified, said Pakorn Peetathawatchai, president of the Stock Exchange of Thailand. The SET Index has declined 16% for the year to date and is one of the worst performers in the region, but the fundamentals of the Thai stock market remain solid, he added. “Like other markets, the Thai stock market was pressured by external factors,” said Mr Pakorn. Prime Minister Srettha Thavisin is preparing to lead a roadshow in Singapore next month to restore confidence among regional investors in the Thai stock market. Discussing a possible extension of SET trading hours, Mr Pakorn said the study was still at the public hearing stage and no conclusion has been reached.
