The Thai stock market closed at 1,598.11 points, down 26.36 points, pressured by sharp declines in five large-cap stocks. DELTA closed at 264.00 baht, down 7.37 percent. HANA closed at 33.50 baht, down 10.07 percent. KCE closed at 37.75 baht, down 9.04 percent. KKP closed at 112.50 baht, down 6.25 percent. And IVL closed at 21.80 baht, down 9.54 percent. The sell-off came after many stocks had risen sharply in advance on positive news. When earnings or new factors failed to exceed expectations, investors rushed to take profits. DELTA was the trigger after its second-quarter 2026 earnings came in below analyst estimates. Coupled with overseas markets questioning the value of AI investments, this dragged down electronics stocks like HANA and KCE as well. Meanwhile, IVL was pressured by a slow recovery in the global petrochemical industry, and KKP faced selling on expectations of lower interest rates and a rotation out of high-valuation stocks.
Indorama Ventures PCL
