Thailand stock market index falls to five-year low due to political unrest.

The Thai benchmark stock index fell on Thursday to its lowest closing level since March 2020, after Thailand's second largest political party withdrew from the ruling coalition, putting further pressure on Prime Minister Prayuth Chan-ocha. The Stock Exchange of Thailand (SET) Index dropped by 2.2% to 1,070.67 points, potentially hitting its lowest closing level since March 24, 2020, marking the sixth consecutive day of decline. The index has plummeted by about 23% so far this year, making it the worst performer among major global stock markets. Aletheia Capital analyst Nirgunan Tiruchelvam stated before the market opened, "The index has been under immense pressure due to a series of factors," adding that "the latest developments could exacerbate this pressure. However, savvy investors should be able to see through this crisis."