Thailand's benchmark stock index fell on Thursday to its lowest closing level since March 2020, after Thailand's second-largest political party withdrew from the ruling coalition, putting further pressure on Prime Minister Petuntan Shinawatra. The SET index of the Stock Exchange of Thailand fell as high as 2.2% to 1,070.67 points, which is expected to hit the lowest closing level since March 24, 2020, for the sixth day in a row. The index has plummeted by about 23% since this year, making it the worst performer among the world's major stock markets. Aletheia Capital analyst Nirgunan Tiruchelvam said before the market opened that “due to a range of factors, the index has been under tremendous pressure” and “the latest developments may increase this pressure.” “However, discerning investors should be able to see through this crisis.”

Thailand's benchmark stock index fell on Thursday to its lowest closing level since March 2020, after Thailand's second-largest political party withdrew from the ruling coalition, putting further pressure on Prime Minister Petuntan Shinawatra. The SET index of the Stock Exchange of Thailand fell as high as 2.2% to 1,070.67 points, which is expected to hit the lowest closing level since March 24, 2020, for the sixth day in a row. The index has plummeted by about 23% since this year, making it the worst performer among the world's major stock markets. Aletheia Capital analyst Nirgunan Tiruchelvam said before the market opened that “due to a range of factors, the index has been under tremendous pressure” and “the latest developments may increase this pressure.” “However, discerning investors should be able to see through this crisis.”