Thai stock market volatility amid Middle East conflict

The Stock Exchange of Thailand (SET) has experienced alternating gains and losses over the past several trading sessions, with the index hovering around the 1,620-1,626 point range. The market's movements have been influenced by global factors, particularly fluctuations in crude oil prices and geopolitical tensions in the Middle East. U.S. stock indices, including the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500, have shown mixed performance, with notable declines on some days due to concerns over inflation and rising bond yields. Crude oil prices, specifically West Texas Intermediate, have been volatile, surging on fears of supply disruptions and falling on hopes for de-escalation. U.S. President Donald Trump has made statements about potential talks with Iran, but Iran has denied plans for direct negotiations. The United States — Federal Reserve reported that U.S. industrial production rose less than expected in July, while the Institute for Supply Management indicated that U.S. manufacturing activity increased more than expected. The Thailand — Thai baht has been affected by these global trends, and the SET's performance reflects investor sentiment amid ongoing uncertainty.