Thai Stock Market Shaken! Experts Warn of High Risks, Investors Rushing to Safe Assets

Therdsakdi Thaviteeratham, Executive Director of Asia Plus Securities, revealed that the global stock market is currently heading towards a 'bear market' with capital flowing primarily into safe assets. The Thai stock market must monitor the continuing negative inflation, which has been negative for 10 consecutive months. January's Consumer Price Index (CPI) was down 0.66% compared to the previous year, primarily due to reduced oil and electricity prices from government measures. While core CPI still expanded by 0.60%, reflecting domestic purchasing power, the weakening baht supports exports and tourism but poses a short-term negative factor for foreign investment. Therdsakdi warned about the risks of a potential AI technology bubble, noting significant market volatility since February. Key assets like Bitcoin have dropped 24.3%, silver declined 17.7%, and the Nasdaq index fell 3.9%. He advised investors to be cautious, set stop-loss points, and carefully monitor market movements to protect their capital.