Accroding this news, https://www.ainvest.com/news/southeast-asia-thucydides-trap-assessing-thailand-cambodia-border-crisis-investment-implications-2507/ ,what's impact on the stock market

The ongoing border crisis between Thailand and Cambodia is likely to have a significant impact on the stock market in Southeast Asia, particularly in the region's economies and markets. Here are some potential impacts: 1. **Economic Disruption and Damage**: The conflict has already resulted in an estimated $300 million in economic damage, primarily due to the displacement of over 300,000 people from the border region. This displacement can lead to a loss of productivity and economic output, as well as increased costs for businesses and governments. 2. **Investor Sentiment**: Investor sentiment in the region may be negatively affected due to the uncertainty and potential for further escalation of the conflict. Investors may become more risk-averse, leading to a sell-off in stocks and other financial assets in the region. 3. **Trade and Supply Chain Disruptions**: The border conflict could disrupt trade flows and supply chains in the region, particularly for companies that operate in the border areas or have significant business interests in either Thailand or Cambodia. This could lead to a decrease in trade volumes and increased costs for businesses. 4. **Political Instability**: The conflict could exacerbate political instability in the region, which may further deter foreign investment and negatively impact the stock market. Political instability can lead to a loss of investor confidence and a decrease in foreign direct investment (FDI) in the region. 5. **Regional Tensions**: The conflict could escalate tensions in the region, potentially leading to a broader conflict or increased military activity. This could have further negative impacts on the stock market, particularly for companies in the defense sector. In conclusion, the ongoing border crisis between Thailand and Cambodia is likely to have significant negative impacts on the stock market in Southeast Asia, primarily through economic disruption, investor sentiment, trade and supply chain disruptions, political instability, and regional tensions. Investors should closely monitor the situation and its potential impacts on the region's economies and markets.