The Thai stock market fell for the sixth straight session, shedding more than 55 points—or roughly 3.7%—leaving the SET just above the 1,560‑point mark and now poised to open lower again on Thursday.
Asian markets are facing weak sentiment after the U.S. Federal Reserve raised interest rates for the first time in three years. While European markets rose and U.S. bourses declined, Asian markets are expected to follow the U.S. downturn.
The SET closed sharply lower on Wednesday, with declines across the food, consumer, finance, industrial, property, resource, service, and technology sectors.
For the session, the index dropped 15.93 points, or 1.01%, finishing at 1,562.73, after trading between 1,561.78 and 1,584.14. Trading volume reached 10.431 billion shares worth 75.541 billion baht.
Wall Street opened mixed and drifted sideways before slipping late, providing a negative backdrop for Asian markets.
The Dow tumbled 631.21 points (1.21%) to 51,461.90, the Nasdaq edged down 3.15 points (0.01%) to 25,978.42, and the S&P 500 fell 33.92 points (0.45%) to 7,551.81.
The late‑day weakness on Wall Street followed the Fed’s widely expected decision to raise interest rates for the first time since July 2023.
Selling accelerated after Fed Chair Kevin Warsh emphasized persistent inflation during his post‑meeting press conference. Fed officials project rates to remain above 4% by the end of 2026, indicating at least one more rate increase this year.
Crude oil prices collapsed after the Fed’s rate decision, and news that Saudi Arabia is shipping crude via Oman alleviated supply concerns. West Texas Intermediate for October delivery fell $3.61, or 3.41%, to $102.22 per barrel.
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