Thai Stocks Plunge 26 Points, Sinking Below 1,600 on DELTA Sell-Off, Fed Worries, and Surging Bond Yields

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The SET Index closed on 30 July at 1,598.11 points, down 26.36 points or a decline of 1.62 percent, with total trading value reaching 112.05 billion baht. Heavy selling in DELTA weighed on the electronics and banking sectors, while the rise in the 30-year US Treasury yield pressured risk assets after the Federal Reserve gave an unclear signal on the interest rate path. The market still expects at least one rate hike. In addition, concerns over artificial intelligence investments sent semiconductor stocks sharply lower, especially in the South Korean market where investors have taken on excessive leverage. Foreign investors were net sellers of 1.74 billion baht, and domestic funds sold a net 1.19 billion baht.

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