Bangkok, Aug. 3 - Thai stocks in the afternoon plummeted. Investors fear the delay in forming the government after postponing the Prime Minister's vote It originally took place tomorrow (Aug. 4).

Thai stocks in the afternoon plummeted at 3:37 p.m., down 19.65 points or 1.27%. The index fell to 1,530.63 points after the Constitutional Court postponed the decision to accept or not accept the Ombudsman's request. In the case of a majority vote of the parliament Disagree with Mr. Pita Limcharoenrat's proposal for a second round of Prime Minister votes. far-reaching party leader which will be prepared for consideration on August 16, while the Speaker of the National Assembly to postpone the date of voting for the Prime Minister From the beginning, it will take place tomorrow (August 4) until the Constitutional Court has a decision. While the Pheu Thai Party postponed announcing the formation of the government

Regarding Asia Plus Securities, the assessment assessed the above situation as negative for investor confidence due to the delay in the establishment of the government. Depressed the baht this morning, depreciating by 0.23% to 34.48 baht/dollar, negative for fund flow. External factors are in the midst of volatility due to Fitch Rating's pressure issues. US credit rating has been upgraded to AA+ from AAA.

Mr. Kornphat Worachet, director of research and investment services, Krungsri Patanasin Securities, said that all political factors Pressure on the Thai stock market, a short-term retracement, base view at 1535-1520 points/1515 points. should be supported, and stocks in the internal group or the group weighed by politics that gradually rebound, have a chance to be sold to reduce short-term risks, wait for defensive strategies. In the short term, we recommend switching from domestic-based groups to investing in other groups such as global plays (oil, refineries, parts) under the strong global economic outlook. The refining margin continued to increase. .-Thai News Agency

Source: Thai News Agency