Thailand’s SET Index closed at 1,153.77 points, increased 9.72 points or 0.85% with a trading value of THB 38.22 billion. The analyst stated that the Thai market increased and was in tandem with trends seen in the global risk assets, driven by the easing of trade tensions between the U.S. and China, which raised the possibility of fresh negotiations. This positivity led to increased buying activity in electronics component stocks like DELTA and CCET, giving a boost to the Thai market.
The analyst expected the market to potentially trade sideways due to a lack of supporting factors.
The White House announced on Tuesday its efforts to create a groundwork for a trade agreement with China, easing concerns among financial markets and investors about the potential for progress with Beijing.
During a press briefing, White House Press Secretary Karoline Leavitt shared insights into President Donald Trump’s discussions on the matter, noting commendable advancement towards a trade pact with China.
The latest World Economic Outlook from the International Monetary Fund (IMF) projects global economic growth of only 2.8% in 2025, a decrease from the earlier forecast of 3.3% predicted in January, and a modest growth of 3% in 2026.
It also downgraded 2025 growth forecasts for China and India to 4% and 6.2% respectively, citing trade tensions and “high policy uncertainty.”
Additionally, the forecast for Thailand’s economic growth in 2025 was also revised to 1.8%, a significant decrease from its initial projection of 2.9% made in January.
Thailand’s parliament is poised for an extraordinary session next month to deliberate on a substantial 3.78 trillion baht ($113 billion) budget proposal for the upcoming fiscal year.
Vietnam is looking to expedite its free trade agreement discussions and better leverage the 17 agreements it has in place, as the nation prepares for U.S. tariff policies.
