Thailand Stocks Ease to 3-Week Low
Thailand’s SET50 Index extended losses for a third session by noon Wednesday, slipping toward 1,038 and touching its lowest level since early October. Sentiment weakened after September consumer confidence fell from a six-month high, while headline inflation hit a five-month peak of 2.82%. Still, gains in U.S. stock futures helped limit the downside as markets assessed the latest corporate earnings releases. Locally, Bangkok last week approved a THB 50 billion housing loan program aimed at helping low- and middle-income households access homeownership. The scheme is also designed to support economic activity, with authorities estimating it could generate up to THB 125 billion in property-related output. Sector-wise, industrial services, energy, and transport stocks led the decline, outweighing gains in communications, consumer durables, and financials. Among the laggards, Delta Electronics fell 4.1%, followed by Kiatnakin Phatra Bank (-2.6%), Banpu (-1.4%), and Bangkok Bank (-1.1%).
Thailand’s SET50 Index extended losses for a third session by noon Wednesday, slipping toward 1,038 and touching its lowest level since early October. Sentiment weakened after September consumer confidence fell from a six-month high, while headline inflation hit a five-month peak of 2.82%. Still, gains in U.S. stock futures helped limit the downside as markets assessed the latest corporate earnings releases.
Locally, Bangkok last week approved a THB 50 billion housing loan program aimed at helping low- and middle-income households access homeownership. The scheme is also designed to support economic activity, with authorities estimating it could generate up to THB 125 billion in property-related output. Sector-wise, industrial services, energy, and transport stocks led the decline, outweighing gains in communications, consumer durables, and financials. Among the laggards, Delta Electronics fell 4.1%, followed by Kiatnakin Phatra Bank (-2.6%), Banpu (-1.4%), and Bangkok Bank (-1.1%).