On Friday, Asia Plus Securities expects the Thai market to trade sideways-down due to the return of trade war concerns.
Last night, the U.S. imposed 145% tariffs on Chinese goods, even if the reciprocal tariffs for the majority of U.S. trading partners were put on hold for 90 days. As a result, the U.S. stocks market plunged last night, followed by the Asian markets.
The Thai market may also recede due to risk mitigating sales before the Songkran holidays.
The firm set a resistance level for the SET Index at 1,140 points and a support level at 1,120 points.
Yesterday, Thailand’s SET Index closed at 1,133.95 points, increased 45.77 points or 4.21% with a trading value of THB 50.22 billion.
