BANGKOK, Thailand – Deputy Finance Minister Paophum Rojanasakul commented on the sharp decline of the Thai stock market, which has fallen below 1,200 points, stating that “smart investors” will recognize this as a buying opportunity, while “less intelligent” individuals may panic and miss out.
In response to questions from reporters about the market downturn despite multiple government measures, Paophum emphasized that those who analyze economic fundamentals will see the dip as a chance to invest. Conversely, those who panic may fail to recognize the opportunity presented by the market’s fluctuation.
When asked whether the stock market decline reflects the overall economic situation, Paophum responded, “If you can’t see the opportunity in economic fundamentals amid stock market movements, then you’re missing the bigger picture.”
Regarding concerns over U.S. tariff hikes potentially leading to an influx of Chinese goods into Thailand, Paophum stated that the issue requires coordination among multiple ministries, including the Ministry of Commerce, the Ministry of Industry, and the Ministry of Agriculture. Discussions are ongoing, and a committee has been formed to address the situation.
He assured that the government has already considered various scenarios but has yet to disclose details, as negotiations with the U.S. are still in progress. Given Thailand’s strong relationship with the U.S., the government aims to conclude discussions before making any official announcements regarding tariffs and trade measures. (TNA)
