Structural shift in capital expected

Thailand’s capital market is set to undergo a structural transformation over 2-3 years, as global conflicts, capital flows and technological shifts redefine investment opportunities and risks, says the Federation of Thai Capital Market Organizations (Fetco).

- NUNTAWUN POLKUAMDEE

Fetco chairman Kobsak Pootrakool said the Thai stock market's future profile will increasingly resemble global trends, with a larger presence of technology-driven and next-generation industries, as several large corporations prepare for potential listings.

This transition comes as foreign capital rotates away from the US dollar towards emerging markets and gold, amid escalating multidimensional conflicts and rising geopolitical uncertainty, he said.

“US trade policy uncertainty could intensify,’ said Mr Kobsak, noting that even if President Donald Trump were to lose tariff-related cases before the US Supreme Court, he could still impose non-tariff barriers or sector-specific trade restrictions, keeping pressure on global trade partners.

“Tariffs may change form, but trade friction will not disappear,’ he said.