Somchai Amornthum, executive vice president of KTAM, said that the deepening conflict between the economic giants had sunk stock markets worldwide, including in Thailand. The fund company remains cautious on stock investments, and says it is keeping a close watch on the back-and-forth trade negotiations between the superpowers. The Thai stock market is expected to gain if the political situation is more certain and economic stimulus measures could follow after the formation of a new government. The Stock Exchange of Thailand (SET) Index is forecast to rise gradually to 1,740 points, he said. Yesterday, the SET Index rose 1.02 per cent to close at 1,626.91, with daily trading turnover of Bt50.93 billion.

Source: The Nation Bangkok May 22, 2019 18:00 UTC