Thailand’s SET Index closed at 1,215.73 points, decreased 15.41 points or 1.25% with a trading value of THB 56.03 billion. The analyst stated that the Thai market plummeted due to investors’ deteriorating confidence in the stability of the governing coalition. Meanwhile, today’s declining stocks, such as those in the power plant or energy sectors, perceived a negative sentiment with concerns over the impact from the U.S. economy, potentially affecting energy demand.
For tomorrow, the analyst expected the Thai market to trade with volatility, following the revision of the MSCI Global Standard indices.
On Wednesday, U.S. President Donald Trump suggested a potential extension for delaying the implementation of significant new tariffs on imports from Mexico and Canada until April 2, while considering a 25% “reciprocal” tariff on European vehicles and goods.
Meanwhile, a White House aide indicated that the original March 4 deadline for the Canada and Mexico tariffs remains valid, depending on whether both nations make strides in border security and curb the influx of migrants and fentanyl into the United States.
Trump also announced a significant shift in U.S. policy toward Venezuela by rescinding Chevron’s license to operate in the country, a move aimed at applying increased pressure on President Nicolas Maduro.
In a post on Truth Social, Trump criticized Maduro for failing to deliver on electoral reforms and repatriation agreements concerning Venezuelan migrants.
