The SET Index closed at 1,598.11 points, down 26.36 points or 1.62 percent, with trading value at 112.05 billion baht. Heavy selling of DELTA led the electronics and banking sectors lower, while the 30-year US Treasury yield rose, pressuring risk assets after the Fed chair gave unclear signals on the rate direction. The market expects at least one more Fed rate hike, and the widening Middle East conflict added further negative factors. Analysts see key support at 1,580 points and resistance at 1,600 to 1,610 points.
Delta Electronics (Thailand) Public Company LimitedHeavy selling of DELTA led the electronics sector lower, driven by Fed rate hike concerns and rising US Treasury yields.