Dao Securities expects Thai stocks to fall amid global tech sell-off, highlights PTTEP and PTT

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Dao Securities (Thailand) expects the Thai stock index to potentially decline, tracking a sell-off in technology stocks in international markets amid concerns over chip supply in China and the value of AI investments. Meanwhile, tensions in the Middle East have flared again after the United States intercepted Iranian missiles, pushing Brent crude oil prices above 87 US dollars per barrel, and the Federal Reserve held interest rates steady as expected. The brokerage recommends gradually selling to take profits to reduce risk, with support at 1,614 to 1,620 points and resistance at 1,628 to 1,632 points, while highlighting PTTEP and PTT as top picks in its model portfolio.

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⛏Brent Crude Oil Futures
BRENT
▲ PositiveGeopoliticsrelevance

Middle East tensions and US intercepting Iranian missiles push Brent crude oil prices above $87.

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