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Mideast conflicts, Europe unrest affect local investor sentiment

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Mideast conflicts, Europe unrest affect local investor sentiment

Escalating conflicts in the Middle East and spreading political unrest across Europe are weighing on global investment sentiment, leaving Thailand's stock market vulnerable to further volatility in the near term, according to Globlex Securities.

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Summary

Wilasinee Boonmasungsong, research director at Globlex, expects the Stock Exchange of Thailand (SET) index to move between 1,530 and 1,580 points this week, with the domestic market likely to track weakness in overseas equities.

Geopolitical tensions have intensified following increased Houthi attacks in Saudi Arabia, prompting the US State Department to order non-essential personnel and their families to leave the area.

Read full article at Bangkok Post →