Thailand's SET Index is poised to close at a five-year low, having fallen as much as 2.1% today and 23% year-to-date, making it the worst-performing major market globally. This decline is driven by increasing political instability, specifically the exit of the government's second-largest party from the ruling coalition, further pressuring Prime Minister Paetongtarn Shinawatra.
Thailand's Stock Exchange of Thailand (SET) Index is experiencing a significant downturn, dropping as much as 2.1% on Thursday and marking its sixth consecutive day of declines, positioning it for its lowest closing level since March 2020. This sustained sell-off has resulted in the SET Index plummeting approximately 23% year-to-date, distinguishing it as the worst-performing major global market. The primary catalyst for this market weakness is escalating political instability, underscored by the recent withdrawal of the government's second-largest party from the ruling coalition, which intensifies pressure on Prime Minister Paetongtarn Shinawatra. The prevailing market sentiment is officially gauged as 'extremely negative' with a score of -0.85, and these political developments are assessed to have a 'significant market impact' (score 0.75), severely undermining investor confidence and influencing market flows within this emerging market.
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extremely negative
Sentiment Score
-0.85
