Thailand’s SET Index closed at 1,177.64 points, decreased 10.77 points or 0.91% with a trading value of THB 42.01 billion. The analyst stated that the Thai market declined, in tandem with the regional markets. Despite experiencing some rebound during the morning session from DELTA buyouts, the index was later plunged in the afternoon session.
Additionally, the market was also impacted by trade war which continued to escalate as China imposed a retaliatory tariff on some U.S. imports, putting pressure in the region.
For tomorrow, the analyst expected the Thai market to trade sideways-down.
As per a Bloomberg report, the Bank of Thailand (BOT) has asserted that its monetary policy is sufficiently robust to handle market fluctuations stemming from U.S. President Donald Trump’s new tariff actions against various trading partners, with Deputy Governor Piti Disyatat stating that the interest rate reduction to 2% should effectively manage both global and domestic economic repercussions.
The Chinese leadership is set to unveil its economic blueprint at the annual parliamentary meeting, aiming for a growth target of 5%, even as U.S. tariff threats cast a shadow on proceedings. Delegates from all over China have converged in the capital for the “Two Sessions,” the nation’s most significant political assembly of the year.
Meanwhile, China decided to levy extra tariffs reaching 15% on certain U.S. products, largely agricultural, starting from March 10. This came with a limitation of exports to only fifteen American enterprises.
Following a tense exchange with Ukrainian President Volodymyr Zelenskiy, President Trump has announced a suspension of military aid to Ukraine. The Trump administration is reassessing the aid to confirm its effectiveness in achieving a resolution to ongoing conflicts.
With a looming March 14 deadline, U.S. Congress faces an intensified standoff as Republicans and Democrats wrestle over preventing a government shutdown that could plunge Washington into deeper chaos.
The impasse is heavily influenced by President Donald Trump, who has disregarded congressional spending mandates, ceased foreign aid, and dismissed thousands of federal employees.
