Thailand’s SET Index closed at 1,171.12 points, increased 11.59 points or 1.00% with a trading value of THB 35.33 billion. The analyst stated that the Thai market mirrored the upward trend seen in the regional markets and soared sharply at the end of the afternoon session. The rally was led by speculative-buy activities in DELTA, GULF, and BH.
The analyst expected the Thai market to move sideways-up tomorrow, with investors closely monitoring the 1Q25 GDP figure release from the U.S. and the Thai Monetary Policy Committee meeting, anticipating a 0.25% rate cut.
In a survey conducted by Bloomberg, 81% of economists polled, or 17 out of 22, anticipate the Bank of Thailand (BOT) will reduce its policy rate from 2.00% to 1.75% at the upcoming Monetary Policy Committee (MPC) meeting on April 30. Meanwhile, the remaining 19% expect the rate to remain unchanged at 2.00%.
China’s manufacturing sector is anticipated to face contraction in April, according to a Reuters survey, as President Donald Trump’s tariff package imposed at a hefty rate of 145% abruptly ended two months of economic recovery.
A survey’s result, conducted on April 23-28 by Reuters, showed that South Korea’s export may drop this month as the effect from the U.S. President Donald Trump’s tariff started to sink in.
In the U.S., President Donald Trump is expected to potentially announce a tariff relief measure on Tuesday, freeing the U.S. automakers from some burden.
