"An Appeal Issued for an Open Invitation to the Thai Stock Exchange"
The Asian tech sector is displaying a cautiously optimistic outlook, with Taiwan and South Korea leading the way in stock inflows and rallies due to AI-related optimism [1]. This optimism has also benefited Thailand's tech-related stocks, helping the SET Index rebound after a nine-month outflow streak, though it remains down 10% year-to-date due to political and economic concerns [1].
In July 2025, Thailand's tech-related stocks showed moderate overall results for the second quarter, with positive signals in infrastructure and technology-related firms such as GULF, TRUE, and ADVANC [2]. This selective strength in the tech segment within the Thai market was further supported by foreign inflows, leading to net buying of $499 million in July [1].
However, ongoing trade tensions, such as renewed tariff concerns from the U.S., continue to create uncertainty. President Trump's announcement of plans for new tariffs on semiconductors and chips as soon as next week, and potential tariffs on pharmaceuticals imported into the U.S. reaching as high as 250%, have contributed to volatile investor sentiment in technology stocks worldwide [5].
Despite these challenges, the Stock Exchange of Thailand (SET) had a significant rally on Tuesday, with gains from various sectors including food, consumer, finance, property, resource, service, and technology. Some of the top performers included Charoen Pokphand Foods, which accelerated by 3.49%, Energy Absolute, which surged by 4.32%, and Krung Thai Bank, which spiked by 2.71% [3].
Meanwhile, the weakness on Wall Street reflects ongoing trade concerns. The Dow Jones Industrial Average slipped by 0.14%, the NASDAQ Composite sank by 0.65%, and the S&P 500 dropped by 0.49% [6]. The lead from Wall Street is soft, with the major averages opening slightly higher but quickly turning lower and closing near session lows.
In other news, Thailand will release July data for consumer prices later today. In June, overall inflation was down 0.25 percent on year and core CPI rose an annual 1.06 percent [4]. Crude oil prices fell on Tuesday due to US pressure on India to stop buying oil from Russia and OPEC's recent decision to boost production [4].
As the global forecast for Asian markets remains weak due to renewed tariff concerns, investors will continue to closely watch developments in the tech sector, particularly in Taiwan, South Korea, and Thailand, for signs of further growth and opportunities.
References:
- Bloomberg
- Reuters
- Bangkok Post
- CNBC
- CNN Business
- MarketWatch
- Given the ongoing trade tensions, especially the potential for new tariffs on semiconductors and chips, investors in the tech industry may find it prudent to carefully scrutinize the global market trends and seek opportunities in regions like Taiwan, South Korea, and Thailand where tech stocks have been displaying growth.
- As the tech sector globally grapples with volatile investor sentiment due to renewed tariff concerns, the continued positive performance of tech-related stocks in Thailand, such as GULF, TRUE, and ADVANC, could offer a promising prospect for finance sector stakeholders seeking growth opportunities amidst uncertainty.
