RTTNews reported that the Thai market reversed a two‑day rally on Wednesday, dropping roughly 50 points (3.2%) to settle just below the 1,590 level, and analysts expect further declines when trading resumes on Thursday.
Global investors remain wary of Asian markets amid concerns over rising inflation and the resulting interest‑rate outlook. European and U.S. equity markets posted modest declines, suggesting Asian exchanges may follow suit.
The SET edged slightly lower on Wednesday as food, resource, services, and technology stocks all posted losses.
The index slipped 3.01 points (0.19%) to close at 1,588.23, after trading in a range of 1,587.88 to 1,600.98. Daily turnover reached 9.071 billion shares valued at 64.073 billion baht, with 214 advancing, 207 retreating, and 239 unchanged.
U.S. equity benchmarks showed a modest intraday rise earlier in the session, but a late pullback left them lower at close.
The Dow fell 13.96 points (0.03%) to 52,305.24, pulling back from a record close. The NASDAQ dropped 173.69 points (0.66%) to 26,040.03, and the S&P 500 slipped 16.13 points (0.22%) to 7,483.23.
Wall Street’s softening reflected ongoing worries that AI‑focused firms and chipmakers may be overbought, a factor that heavily impacted the tech‑heavy NASDAQ.
Traders monitored Middle‑East developments, though definitive information about the conflict’s resolution remained elusive.
A report from the Institute for Supply Management released on Wednesday indicated a modest decline in U.S. manufacturing activity for June.
Crude oil prices fell again on Wednesday as tanker traffic through the Strait of Hormuz gradually recovered; WTI crude for August delivery slipped $1.12 (1.61%) to $68.38 per barrel.
