Investor confidence has turned bearish for equities in the Stock Exchange of Thailand (SET) because of increasing concern over tightening monetary policy by the US, rising capital outflows and intensifying geopolitical conflicts, according to a recent survey.
The Federation of Thai Capital Market Organizations (Fetco) reported the investor confidence index in September, which anticipates market conditions for the next three months, was down 41.8% from the previous month to 67.8, drawing back to the bearish zone.
