Thailand’s SET Index closed at 1,283.97 points, increased 13.48 points or 1.06% with a trading value of THB 38.98 billion. The analyst stated that the Thai market rebounded after having declined previously. In the short term, the market has a reinforcing factor from surging electronic stocks, with DELTA Taiwan revealing a 15% YOY sales growth in January, which exceeded market expectations, and CCET which also netted a notable gain. Furthermore, there are supporting factors from the energy sector, bolstered by rising oil prices, while there are also strengthening factors from the potential return of LTF funds.
The analyst expected the Thai market to continue its recovery on Thursday, with investors anticipating the disclosure of U.S. inflation and MSCI Review.
Thai Commerce Minister Pichai Naripthaphan visited Washington, D.C., to promote trade and investment. He met with U.S. officials and business leaders, highlighting Thailand’s strong trade environment and strategic importance. The minister also encouraged U.S. investment in key sectors.
Trump is set to impose tariffs on steel and aluminum imports on March 4, impacting industries like transportation and construction. The tariffs aim to boost the U.S. steel and aluminum sectors, but may negatively affect exporters like Canada, Mexico, and Germany.
Meanwhile, Hong Kong plans to file a complaint with the World Trade Organization over the 10% tariffs imposed on imports from Hong Kong. The city argued that the U.S. is overlooking its status as a separate customs area after the U.S. imposed tariffs and removed Hong Kong’s special trade status, requiring exports from the city to be labeled as “made in China”.
