Thai stocks face a wave of risk-averse sell-offs as blue-chip stocks plunge across the board

Golden Ten Data March 4｜Thai stocks plunged sharply after reopening following the holiday, reflecting risk-averse sentiment triggered by uncertainty surrounding the Middle East conflict. As the Iran crisis shows no signs of easing, cautious sentiment has swept through emerging markets, prompting investors to seek safe-haven assets. Thailand's benchmark SET index plummeted more than 8% during early trading, temporarily triggering a circuit breaker. In the afternoon, the index recovered some losses and finally closed down 5.6% at 1384.61 points. All sectors declined, with industrial, financial, and energy sectors all in the red. Among individual stocks, Delta Electronics dropped more than 10%, Thai Oil fell 7.1%, and PTT Public Company Limited declined 4.1%.