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168 stories mentioning Stock Exchange of Thailand Index (SET)Updated 7h ago

Thai equities trade amid Middle East peace optimism, as 17 new depositary receipts on US and Hong Kong securities begin trading June 12.

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Asia

Market Chatter: World Bank Hints at Up to $100 Billion to Aid War-Impacted Economies

The World Bank could mobilize between $80 billion and $100 billion over the next 15 months to support countries impacted by the Middle East conflict, Reuters reported Wednesday, citing President Ajay Banga.The package, which exceeds the deployment during COVID-19, would include $20 billion to $25 billion in near-term support through a crisis response window, alongside $30 billion to $40 billion from reallocating existing programs within about six months. Additional resources could be tapped from the bank's balance sheet if the conflict persists, reportedly.IMF Managing Director Kristalina Georgieva said the outlook depends on how long the conflict continues, and urged governments to use targeted support instead of broad energy subsidies to manage higher costs, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

IMF Lowers 2026 Growth Outlook for Most Asian Economies Amid Middle East War

The International Monetary Fund has lowered its growth estimates for most Asian economies for 2026, according to a recent release.The organization revised down its growth outlook for emerging Asian economies to 4.9% from a previous prospect of 5% in January, which was before the start of the conflict in the Middle East.Growth for the group will continue to decline to 4.8% in 2027, the IMF said.The organization projects China's economy growing 4.4% this year and 4% next year, while India will post growth of 6.5% for the next two years.Cumulative growth among Southeast Asia's five biggest economies, including Indonesia, Malaysia, the Philippines, Singapore, and Thailand, will fall to 3.7% in 2026 from 4.9%, although this will recover to 4.7% next year, the organization said.Individually, Vietnam will post the strongest growth of 7.1%, although this is still lower than the 8% growth last year.The rest of the economies in the group will also see lower growth, with Indonesia at 5%, Malaysia at 4.7%, the Philippines at 4.1%, and Thailand at 1.5%.Among advanced economies in Asia-Pacific, Korea's growth will rise to 1.9% from 1% last year, while that of Australia will remain flat at 2%.Japan's growth will slow down to 0.7% in 2026 and 0.6% in 2027 from 1.2% last year, according to the IMF.Taiwan will see lower expansion of 5.2% from 8.7% in 2025, while Singapore's growth will come to 3.5%, down from 5% last year.Hong Kong will also observe lower growth of 2.4%, compared to 3.5% in 2025.The IMF forecasts global economic growth to weaken to 3.1% this year from 3.4% last year, accounting for the impacts of the continued conflict in the Middle East.

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Asia

Sovereign Rating Risks Grow for Southeast Asia Amid Middle East Conflict, S&P Says

Southeast Asia's sovereign ratings face risks from the Middle East conflict, with persistent energy disruption to weigh on their fiscal and external metrics, S&P Global Ratings said in a Tuesday release.Economies reliant on imported energy could see strains in their robust growth outlook under severe long-term effects of the war, limiting economic support for ratings in South and Southeast Asia, credit analyst Rain Yin said.Damage to the energy infrastructure in the Middle East will prolong the normalization of oil and gas production levels even with the reopening of the Strait of Hormuz, S&P said.Southeast Asian sovereigns with weaker rating buffers could see their credit quality drop under persistent energy market disruption, with government subsidies for consumers and businesses possibly increasing, Yin said.The depth of the damage to sovereigns' fiscal positions will depend on the ability of governments to reduce expenses or delay spending plans, S&P said.

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Asia

Market Chatter: ASEAN Diplomats Plead US-Iran Truce as Surging Oil Prices Rattle Economies

Southeast Asian diplomats on Monday urged the U.S. and Iran to continue negotiations after failed weekend talks heightened tensions and rattled global markets, Nikkei Asian Review reported Monday.This came after Brent crude surged to $102.43 a barrel, while Asian and European equities fell following remarks from US President Donald Trump, including threats of a blockade of the Strait of Hormuz. Washington later put restrictions on vessels departing Iranian ports, reportedly.ASEAN foreign ministers, meeting virtually for the second time since March 13, welcomed a recent two-week ceasefire but stressed the need for sustained dialogue to achieve lasting peace. The bloc warned that instability is particularly damaging for Southeast Asia, which relies heavily on energy imports transiting the Strait of Hormuz.Countries including Malaysia, Vietnam and Thailand have been forced to ramp up energy support measures, while the Philippines has declared an energy emergency. ASEAN also discussed setting up a crisis communication mechanism and strengthening coordination on energy and food security ahead of upcoming regional meetings, the Nikkei said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Middle East Escalation Could Cost Asia Up to $299 Billion, UNDP Warns

The ongoing military escalation in the Middle East could inflict economic losses of up to $299 billion across Asia and the Pacific, as higher fuel, freight and input costs ripple through regional economies, UNDP's latest assessment report release Tuesday showed.The report said the shock is weakening household purchasing power, increasing food insecurity, straining public budgets and undermining livelihoods, particularly in countries heavily reliant on imported energy and food, as well as those exposed to Gulf trade routes, labor markets and remittance flows.It estimated that under a 28-day disruption scenario, regional output losses could range between $97 billion and $299 billion, equivalent to 0.3% to 0.8% of GDP, with South Asia facing the most pronounced impact.Around 8.8 million people across 14 countries could fall into poverty, including more than 5 million in Iran, where the poverty rate may rise from 36% to 41.5%, according to the simulations.The report, prepared as of April 9, draws on inputs from 22 UNDP country offices covering 36 countries, alongside modelling and external data. It noted that outcomes will depend heavily on the duration and intensity of the conflict, with risks rising further if disruptions persist.

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US Markets

Asian Development Bank Tempers APAC GDP Forecasts for 2026

The Middle East outlook and consequent higher oil prices will temper the economic expansion of developing countries in the Asia Pacific in 2026, reported the Asian Development Bank (ADB) late Friday.Economic growth in developing Asia is expected to slow to 5.1% in both 2026 and 2027, down from the previous 5.4% estimate, weighed down by the Persian Gulf conflict and continuing trade uncertainty, said the ADB.The Asian Development Bank (ADB) makes economic projections for developing nations in Asia, focusing on gross domestic product (GDP) growth and inflation outlooks. The ADB forecasts cover 46 nations, including China and India, and all 10 ASEAN members."Higher energy prices will raise production costs and consumer prices, while export growth will normalize following last year's front-loading ahead of US tariff increases," said the ADB. "Solid domestic demand---particularly in South Asia and developing Southeast Asia---will continue to anchor growth."Regional inflation is projected to rise to 3.6% in 2026 and 3.4% in 2027, up from 3% last year, added the ADB.GDP growth in China is projected to decline to 4.6% in 2026 and 4.5% in 2027, down from 5% in 2025, "with continued property market weakness and slower export expansion expected to weigh on activity," said the ADB."In India, growth is forecast to ease to 6.9% this year from 7.6% last year, before rising to 7.3% next year, underpinned by resilient domestic consumption," added the ADB, a Manila-based regional bank that lends on infrastructure and other projects.

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Asia

Market Chatter: Thailand Requests Pakistan's Mediation to Rescue Stranded Fertilizer Ships in Hormuz

Thailand has sought Pakistan's assistance in a diplomatic push to secure the release of nine cargo vessels stranded in the Strait of Hormuz amid escalating Middle East tensions, The Star reported Monday.The ships are carrying fertilizer shipments vital to Thailand's agricultural sector and food security, the report said.Deputy Prime Minister and Foreign Minister Sihasak Phuangketkeow met Pakistan's ambassador to Thailand to discuss maritime safety and potential mediation efforts, while commending Islamabad's role in peace efforts and facilitating safe passage arrangements in the region, according to the report.Thailand is aiming to replicate such cooperation to ensure the uninterrupted transit of its vessels and prevent disruption to essential supply chains. The initiative also includes upcoming diplomatic engagements with ASEAN partners and an official visit to Oman later this month, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Trump Declares Immediate U.S. Navy Blockade of Hormuz After Iran Talks Fail

U.S. President Donald Trump warned on social media that the U.S. Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz after a failed talk with Tehran.Trump said in a Truth Social post on Sunday that while the goal is eventually to reach an "all being allowed to go in, all being allowed to go out" arrangement, Iran has prevented this by citing vague concerns about undisclosed mines."Iran has not allowed that to happen by merely saying, 'There may be a mine out there somewhere,' that nobody knows about but them," Trump wrote.Trump further directed the Navy to intercept any vessel in international waters that has paid a toll to Iran while also ordering the destruction of mines allegedly laid by Iran in the strait and warning that any Iranian attack on U.S. or peaceful vessels would result in them being "BLOWN TO HELL."Meanwhile, Reuters News, citing the U.S. Central Command, reported that the blockade of all maritime traffic to and from Iranian ports is set to begin at 10 a.m. ET on Monday.The command clarified that freedom of navigation would remain unaffected for ships transiting the strait to non-Iranian ports, with formal notices to be issued to commercial mariners beforehand, the newswire said.

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