Thai stock investor mood at 3-month low over Ukraine war, FedAn investor monitors share price movements at Asia Plus Securities’ headquarters on Sathon Road, Bangkok. (Photo: Pornprom Satrabhaya)Investor confidence in the Thai stock market has slipped to a three-month low on concerns about Russia's invasion of Ukraine and the US Federal Reserve's tightening policy, a capital markets group said on Thursday. Foreign investor confidence fell 19% from the "bullish zone", also weighed by the Finance Ministry's plan to collect a financial transaction tax, the group said, adding it also opposed the plan. The group lowered its target for the main Thai stock index to 1,750 points this year from 1,800 points, he said. The SET index has fallen 0.76% to 1,645.76 points so far this year, after rising 14.4% in the whole of 2021.

Source: Bangkok Post May 05, 2022 21:07 UTC