7 บริษัทนี้ทำให้หุ้นสหรัฐพุ่ง 75% แต่ทำไมไทยถึงไม่มี
Summary
The Thai market fell around 15% while the US market rose around 24% — a gap that global conditions alone do not explain.
Most of the US gain came from just seven companies, the Magnificent 7, all of them technology firms.
Thailand has no large technology company playing that role, so the index remains tied to traditional businesses.
The effect lands on Thai investors and on the economy, because a capital market reflects what growth engines a country has.
The response has to be building a domestic technology industry, not hoping the index rises on its own.
Key points
A 39-point gap in a single year
A difference that large needs a structural explanation.
Seven companies moved an entire market
That concentration is both the strength and the risk of the US market.
An index reflects economic structure
Thailand’s market still rests on energy, banks and retail.
This is not only a capital-market problem
Having no large tech company is a symptom of past industrial policy.
The fix takes a decade
Building world-scale technology companies does not happen within one budget cycle.