Elite card entry post recently: couldn't find again...sorry...url please.
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Economy US-Iran Tensions Plunge Thai Stocks to Historic Lows
Picture courtesy of Bangkok Post Global markets are reeling after a US military strike on Iran triggered fears of escalating Middle East conflict. The Stock Exchange of Thailand (SET) took a hit, with stocks slumping to their lowest since the Covid-19 crash in 2020. On June 23, Thai stocks fell 1.3%, closing at 1,053.79. As oil prices surged, SET officials stepped in with emergency measures to stabilise the market. From June 23 to 27, price limits for certain stocks and securities will be halved, while dynamic price bands will be reduced. SET President Asadej Kongsiri stated that these precautions aim to curb volatility and can be lifted if the market stabilises. He assured that the broader regional impact was less severe than anticipated, urging calm among investors. Daol Securities analysts warned of potential retaliation from Iran, which could disrupt oil flow through the Strait of Hormuz, risking a spike in crude oil prices. They noted potential gains for energy sectors, but highlighted challenges for industries like tourism and retail due to rising costs. Finance Minister Pichai Chunhavajira stressed the strength of Thailand’s economy, promising government vigilance in managing the situation. The stabilisation steps are meant to maintain market stability, not restrict investment. As tensions remain high and oil prices fluctuate, Thai equities are expected to stay volatile in the near term. Meanwhile, the legality of the US strike is under scrutiny. Without solid evidence of an imminent threat, the action may breach international law, drawing widespread condemnation. Adapted by ASEAN Now from The Thaiger 2025-06-24 -
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BREAKING NEWS Thai Forces Close Sa Kaeo Border Amid Tensions
Irrelevant, it is the book that counts. -
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Praise poured in for Defense Secretary Pete Hegseth after he didn’t leak U.S. plans to bomb
Did Donald know about it? -
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Middle East Lammy Warns Iran to Choose Diplomacy Over Escalation Amid Rising Nuclear Tensions
Femi Oluwole, he's another tosser, looks like Lammy's love child. -
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Report BMW Maverick Mayhem: Foreign Driver Causes Chaos in Phuket
Apart from the driving against traffic, as soon as there's a slight tail back on the normal lanes of a road, the Thais quickly drive down the emergency lane. They then have to cut back into the normal lane farther down the road causing the queue to get worse.
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