A broad selloff is sweeping across Asian equities as investors grapple with mounting uncertainty over the duration and impact of the Iranian war. The pullback effectively wipes out the more than 13% post-election gains in the Thai benchmark last month, narrowing the index’s advance this year to about 8%.
(March 4): Thailand’s stock gauge extended declines as trading resumed, with escalating tensions in the Middle East continuing to weigh on sentiment.
The Stock Exchange of Thailand SET Index losses widened to as much as 8.6% in the afternoon session. Trading in shares was halted for 30 minutes earlier after the gauge fell by the 8% threshold.
