Thai equities still have downside risk amid heightened volatility as escalating tensions in the Middle East threaten global energy supply routes, with strategists warning only a handful of sectors are likely to withstand a prolonged crisis. "The situation in the Middle East remains highly fluid, and we expect the global risk-off mode to remain in the near term." Political motivation could cause the fighting in the Middle East to be prolonged, similar to the Russia-Ukraine war, said Mr Kitpon. Historically, Thai equities tend to correct for 2-4 weeks during geopolitical shocks, with declines averaging 4-5% if oil supply remains intact. The country imports 85% of its oil, with 57% sourced from the Middle East.

Source: Bangkok Post March 05, 2026 14:14 UTC