Thai bourse faces crash of up to 75 pointsThe Stock Exchange of Thailand (SET) could plunge by 50-75 points or 3-5% in the short term amid the spread of risk-off sentiment across Asia, but declines in most global markets have so far remained contained, suggesting caution rather than systemic panic, analysts say. Based on historical data, during prolonged but non-escalated situations such as the Israel-Hamas war in 1966, a decline of 50-75 points (3-5%) is expected, said InnovestX Securities. If tensions ease, it sees scope for a broader rebound led by energy and petrochemical shares, Mr Piriyapon added. In contrast, Yuanta Securities' research has warned that unresolved hostilities, particularly if Iran disrupted shipping routes or the conflict expanded regionally, could trigger renewed capital outflows from Thai equities. The firm cautioned that while oil prices in the US$90–100 per barrel range may initially boost energy earnings, levels beyond that threshold could erode aggregate corporate profits as rising production costs offset sector gains.

Source: Bangkok Post March 02, 2026 23:38 UTC