Thailand’s SET Index closed at 1,141.28 points, increased 2.38 points or 0.21% with a trading value of THB 29.80 billion. The analyst stated that the Thai market slightly rebound with weak volume following the buying force in the banking sector, which has high dividend and affordable valuation.
Additionally, the analyst believed that the slowed Thai economy is unlikely to impact the banks as their credit reserves helped limited downside compared to other sectors such as tourism and petrochemicals.
Meanwhile, U.S.-China trade war continued to weigh the market down.
The analyst expects the Thai market to move narrowly with no new factors tomorrow.
Prime Minister Paetongtarn Shinawatra has confirmed that the United States has agreed to commence ministerial-level negotiations with Thailand on April 23. The Thai delegation will be led by Deputy Prime Minister Pichai Chunhavajira, who also serves as the Minister of Finance.
The Bank of Korea decided to keep its benchmark interest rate steady on Thursday, navigating the challenging waters of stagnant economic growth while attempting to stabilize the nation’s currency amid ongoing uncertainties triggered by the U.S.’ extensive tariff measures.
Australia’s employment figures showed a robust recovery in March following a steep decline the previous month. The unemployment rate also came in slightly lower than anticipated, suggesting a resilient labor market that may not stand in the way of potential monetary easing by the Reserve Bank of Australia (RBA).
