Thailand’s SET Index closed at 1,390.88 points, increased 18.23 points or 1.33% with a trading value of 39.00 billion baht. The analyst stated that the Thai stock market saw a resurgence driven by increased buying activity in big-cap stocks like DELTA and those surrounding GULF. Furthermore, the market sentiment was bolstered by the optimistic atmosphere in Asian markets, influenced by news of potential sector-specific tariffs proposed by President-elect Trump.
The analyst expected the Thai market to trade sideways tomorrow.
Thailand experienced a significant upswing in foreign tourism in 2024, welcoming 35.55 million international travelers, a 26.3% increase compared to the previous year.
A standout contributor to this growth was the influx of Chinese tourists, totaling 6.73 million, a remarkable 91% rise year-over-year. This surge marks China as Thailand’s largest source market, underscoring the strong rebound in regional travel.
Additionally, Thailand’s cabinet has endorsed a 3.78 trillion baht ($109.2 billion) budget plan for the 2026 fiscal year, beginning on October 1, 2025, alongside approving 20 billion baht in soft loans aimed at supporting smaller businesses that struggle to access credit.
In December, euro zone inflation increased for the third consecutive month, reaching 2.4%. This figure matched the projections made by economists in a Reuters survey and reflected a rise from an adjusted 2.2% in November.
Canadian Prime Minister Justin Trudeau announced his resignation, a decision influenced by Deputy Prime Minister Chrystia Freeland stepping down from her role. This political shift comes amid Canada’s strategy to introduce stringent security protocols along its border with the United States due to escalating threats.
