Bangkok (NNT/VNA) - The Stock Exchange of Thailand (SET) expects continued volatility in capital markets due to the trade dispute between the United States and China, but foreign investor confidence in Thailand remains strong due to the country’s robust economic foundations and profit growth among listed companies.

SET President Dr. Pakorn Peetathawatchai revealed that last year, the SET index shrank 10.8 percent from the year before, due to global disruptions from the ongoing trade tension between the United States and China. However, he added that Thailand’s economic foundations remain strong and continued to post higher growth last year, with several publicly listed companies reporting higher profits.

This year, the SET President expects further volatility from fluctuating oil prices and the uncertainty surrounding trade policy between China and the US. However, the domestic outlook is more positive, with listed companies expected to post continuous growth. 

Foreign investors have also continued to display confidence in the country. Capital outflows from Thai stocks have been offset by an investment in long-term debt instruments. According to Pakorn, the general elections scheduled for this year is one factor contributing to investor confidence.-NNT/VNA