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9 Nov 2026

Financial Markets

The Baht pared gains later in the week while the SET closed lower for the fourth consecutive week

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  • The Thai stock market declined for most of the week before falling below the 1,500-point level towards the end of the week.

    The SET Index fell sharply from the beginning of the week, extending its decline from the previous week, as investors reduced their exposure to risk while awaiting the results of the US midterm elections. The decline was led by energy stocks, which were pressured by falling global oil prices amid expectations that the US and Iran could reach an agreement to end the war. Electronic component stocks also fell in line with international technology shares due to concerns over an AI bubble.

    However, the SET Index briefly began to recover from the middle of the week, supported by buying from domestic institutional investors, before declining again during the remainder of the week. The SET Index fell to a six-and-a-half-month low of 1,461.08 points towards the end of the week, in line with international bourses, amid concerns that the US could slow its investment plans for data centers and AI following the Democratic Party's victory in the US midterm elections. Investors also continued to closely monitor developments in the Middle East following the US midterm elections. Selling pressure towards the end of the week was broad-based, particularly in technology, energy, and banking stocks.
  • On Friday, November 6, 2026, the SET closed at 1,465.70 points, down 3.48 percent over-week. The average daily trading value was THB72,530.01 million, up 7.10 percent over-week. The mai closed at 212.15 points, down 0.90 percent over-week.
  • During November 9-13, 2026, KSecurities expects the SET to have support at 1,445 and 1,430 points, but resistance at 1,490 and 1,500 points, respectively. KResearch advises investors to watch key factors, including developments in the Middle East, foreign capital flows and 3Q-2026 performance results of Thai listed companies. US economic data that warrants close monitoring includes October CPI, PPI and Existing Home Sales, plus weekly jobless claims. Other important overseas economic indicators to monitor include China's October economic data such as CPI, PPI and New Yuan Loans, plus Eurozone's GDP report for 3Q-2026.  


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Financial Markets