Economy
Thai Stock Market Faces Volatility Amid Global Economic Pressures
Kasikorn Securities forecasts a volatile session for the SET index as rising oil prices and global bond yields spark concerns over inflation and economic stagnation.
On September 2, 2026, Prachachat Business reported that Kasikorn Securities expects the Stock Exchange of Thailand (SET) index to fluctuate between 1,575 and 1,600 points. This market outlook is driven by heightened geopolitical tensions in the Middle East, which have pushed Brent crude oil prices above $95 per barrel. Simultaneously, global bond yields have reached their highest levels since 2008, intensifying market fears regarding inflation and potential stagflation.
For residents and expatriates in Thailand, these financial indicators suggest a period of economic uncertainty. While the stock market volatility may not immediately impact daily consumer prices, the broader trend of rising energy costs and global interest rate pressures often precedes shifts in the cost of living and local business operations. Kasikorn Securities has suggested that investors focus on high-yield stocks, specifically highlighting PTTEP and KKP as notable options during this period of instability.
It remains to be confirmed how long these elevated oil prices will persist and whether the global bond market will stabilize in the coming weeks. Observers are closely monitoring whether the combination of slowing economic growth and high inflation will lead to more significant fiscal adjustments within the Thai market. Readers are advised that these market projections are based on current financial analysis and are subject to change as global conditions evolve.