Earthquake Halts Thai Stock Exchange Operations

The Stock Exchange of Thailand halted trading activities following a powerful earthquake in neighboring Myanmar. The tremors were felt in Bangkok, prompting an afternoon suspension. The SET index traded 1.05% lower as it faced additional pressure from new U.S. auto tariffs.

The Stock Exchange of Thailand (SET) suspended its trading operations on Friday afternoon after a powerful earthquake struck neighboring Myanmar. The tremors, which were strongly felt in Bangkok, prompted an immediate halt to all trading activities to ensure safety.

In a statement posted on its website, the bourse operator announced, "Following the earthquake incident, the Stock Exchange of Thailand hereby announces the immediate suspension of all trading activities." This suspension affects all markets, including SET, the Market for Alternative Investment (MAI), and the Thailand Futures Exchange (TFEX), for the session.

The benchmark SET index experienced a 1.05% decline, with the index hitting an over one-week low of 1,175.45 points. The market was already under pressure from newly imposed U.S. auto tariffs, compounding the impact of the natural disaster.

(With inputs from agencies.)