“The Stock Exchange of Thailand (SET)’s main index has dropped recently due to uncertainty in the global economy, especially in the US and Europe, which showed signs of recession. In addition, Thailand was affected by domestic political uncertainty,” revealed SET President Charamporn Jotikasthira.
“Goldman Sachs’ underweighting investment in the Thai equity market should have only a short-term impact on the Thai market, as the performance of Thai listed firms remains impressive. In addition, after next month’s elections, it will be clear what the new government and its economic policies will be, drawing foreign investors back to the Thai market.”