The Stock Exchange of Thailand (SET) has placed a temporary ban on short selling of securities amid the global stock market crash. The Board of Governors (BoG) of the SET has exempted market makers for SET, mai, and TFEX from its latest decision. The board has revealed revised ceiling and floor limits across SET, mai, and TFEX. The board has also set security-specific dynamic price band adjustments.

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When Will The New Rules Set In?

JP Morgan building with thailand Stock market crash display
Source: Watcher Guru

The new measures are set to take effect from. 8 and will remain in effect till Apr. 11. The SET aims to conduct routine market surveillance and make the necessary changes to the measures as per market conditions. The financial authority is confident that these measures will rejuvenate investor confidence.

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Stock Markets Plummet Amid Tariffs, Thailand Follows

Thailand’s stock market has faced substantial hurdles over the last month. The SET recently revealed that 30 listed companies announced share buybacks as of Mar. 31. The companies announced that they would purchase nearly $1 billion worth of stocks back from investors.

Apart from Thailand’s stock market, most major economies are registering massive dips. The Chinese stock market registered a 10% dip at open. The Chinese market suffered its worst single-day crash since 2008. The country called Trump’s tariffs “bullying.”

Taiwan’s stock market witnessed a 9.8% dip at the opening. The country paused trading earlier today after the circuit breaker was triggered. Japan also suspended Nikkei 225 stock futures trading due to its circuit breaker. The UK and Germany’s stock futures fell more than 4%.

Global stocks have plummeted after President Trump’s tariff spree. Despite the market crash, Trump stands by his decision. He stated, “Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing.”

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