BANGKOK, May 8 (TNA) – Executives of the Stock Exchange of Thailand (SET) said investors should closely monitor situations related to the trade war between China and the United States but SET was still fundamentally strong.
SET president Pakorn Peetathawatchai said the SET index fell due to uncontrollable external factors, and local political uncertainty and external factors were affecting investment and capital inflows.
If uncertainty was relieved, foreign investment could return to emerging markets and Asia. Therefore, investors should consider business growth potential as the fundamentals of the Thai economy remained unchanged and listed companies still had profitability, he said.
SET vice president Sorapol Tulyasatian said investors should follow up China-US trade war situations including negotiations between both countries on May 9-10 after US President Donald Trump threatened to raise tariffs on Chinese products to 25% from 10% this Friday.
The issue caused the SET index to fall in the past few days but the decline was not as hard as the indices of the US and China’s stock exchanges because the SET’s fundaments remained healthy, he said.
As of April the SET index closed at 1,673.52 points, up by 2.1 points compared with the previous month and the second highest in ASEAN. (TNA)
