Foreigners continue exodus from Thai stock exchange

Despite two consecutive months of stock market gains, foreign investors continued to offload Thai equities with a net selling position of more than 100 billion baht for the first 10 months of 2025 amid persistent global and domestic headwinds, says the Stock Exchange of Thailand (SET).

- NUNTAWUN POLKUAMDEE

The sustained selloff was driven by the prolonged trade war, geopolitical tensions and US tariff measures, while investors remain cautious the Federal Reserve may delay its interest rate cuts, a move that could weigh on risk appetite across emerging markets.

Foreign investors were net sellers of 4.5 billion baht worth of Thai shares in October, bringing the total net outflow to 101 billion baht for January to October, said Soraphol Tulayasathien, senior executive vice-president of the SET. Foreign investors accounted for 51.8% of total trading value, followed by local individual investors at 31.8%, local institutional investors 9.77% and proprietary trading 6.62%.

The average daily trading value of the SET and Market for Alternative Investment (MAI) was 39.4 billion baht last month, down 27.9% year-on-year, with a year-to-date trading value of 42.6 billion.