The Stock Exchange of Thailand index dropped almost 1%, while most Southeast Asian stock markets fell on Wednesday, with Indonesia shedding 2 % in its sharpest drop in nearly four months.
The SET main index plunged to 1,781.64, a drop of 17.42 points or 0.97%, in trade worth 71.5 billion baht.
The losers included PTT Plc which eased 12 baht, or 2.17%, to close at 540 baht, and Banpu Plc which dipped 1.70 baht, or 7.42%, to close at 21.20 baht.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6% as fears resurfaced that US President Donald Trump will proceed with protectionist tariffs and risk a trade war after Gary Cohn, a strong White House advocate for free trade, resigned.
Indonesian shares declined for a fourth straight session with financial and consumer stocks leading the drop.
Astra International fell 2.8%, while clove cigarette maker Hanjaya Mandala Sampoerna dropped 4.3% as its annual profit declined.
Bank Central Asia finished 0.8% lower ahead of its full-year results on Thursday.
An index of the nation's 45 most liquid stocks dropped 2.3%, its lowest close in over two months.
Singapore shares dropped over 1% with the city-state's top three lenders among the biggest drags.
Malaysian stocks fell for a third session in four with aluminium trader Press Metal Aluminium and financial services provider CIMB Group Holdings being the biggest drags.
Philippine shares snapped a five-session losing streak and closed 0.5% higher on some buying right before the close.
Southeast Asian stock markets |
|
||
|
Current |
Previous |
% change |
Thailand |
1,781.64 |
1,799.06 |
-0.97 |
Indonesia |
6,368.26 |
6,500.11 |
-2.03 |
Malaysia |
1,837.90 |
1,848.37 |
-0.57 |
Philippines |
8,404.69 |
8.360.22 |
+0.53 |
Singapore |
3,450.69 |
3,491.92 |
-1.18 |
Vietnam |
1,112.26 |
1,120.29 |
-0.72 |