SET acknowledges foreign selloff but sees no cause for concern

Investors are being told to monitor external risks at this time but have been assured the overall picture is still strong as foreign selloffs are occurring across the region.

Stock Exchange of Thailand (SET) President Pakorn Pitatawachchai has acknowledged a selloff of stocks by foreign investors is taking place across all of Thailand’s neighbors but assured investors that overall, the Thai stock market is still doing well on the back of institutional and small time investors as well as from the accounts of stock firms. He pointed out the SET also has a diverse range of investors and is not solely dependent on foreign investment, reiterating its strong fundamentals.

Nevertheless, the president said investors should track external risks affecting capital movements such as changes to the United States’ policy interest rate, international politics and their impact on fuel prices and cases stemming from the developing trade war. On the last matter, Pakorn predicts little effect on Thailand due to its wide range of trading partners and strong economic fundamentals.

Information and Source
Reporter : Itiporn Lakarnchua
Rewriter : Itiporn Lakarnchua
National News Bureau & Public Relations

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