Thai stocks closed down 42.72 points in the morning session, amid escalating Middle Eastern conflict and concerns over rising inflation after crude oil prices surpassed $100.

Thai stocks closed the morning session on March 9th at 1,367.65 points, down 42.72 points, with a trading value of 57,916 million baht. The decline followed international stock markets, pressured by the prolonged and expanding conflict in the Middle East and sharply rising oil prices, raising concerns about the impact on the global economy and inflation, thus putting pressure on interest rates.

The Stock Exchange of Thailand (SET) index closed the morning session today, March 9, at 1,367.65 points, down 42.72 points (-3.03%), with a trading value of approximately 57,916 million baht.

In the morning, there was trading of 3 securities on the big board (BIG LOT), 5 items, XIAOMI01 was found to have the highest value of 30.62 million baht, with an average price of 3.06 baht per share.

Mr. Chaiphon Nompitakcharoen, Managing Director of Securities Trading Business, Bualuang Securities It was stated that the Thai stock market fell sharply in the morning session, following declines in international markets. The market remains under pressure from the ongoing conflict between the United States and Iran in the Middle East, with no sign of negotiations. This led investors to sell off risky assets, putting pressure on the stock market.

With crude oil prices soaring to over $110 per barrel, concerns have arisen regarding the economic impact, particularly inflation, and the potential for further interest rate hikes if inflation surges. This is another significant factor pressuring global stock markets.

The Thai stock market is expected to continue fluctuating in negative territory this afternoon, pending close monitoring of the conflict situation in the Middle East. Resistance is seen at 1,370 points and support at 1,320 points.

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