Thailand’s SET Index closed at 1,272.10 points, decreased 12.01 points or 0.94% with a trading value of THB 50.03 billion. The analyst stated that the Thai market plunged due to the AOT selloff after the company’s 1Q25 performance missed forecasts. The share price of AOT was also pressured by an increase in long-term account receivable after King Power requested for a delay payment.
This raised concerns among investors on potential issues with bank provision, which led to another selloff in the banking sector. Meanwhile, the market was also ridden with uncertainty over Trump’s policies.
The analyst expected the Thai market to be at risk of declining next week.
On Thursday, President Donald Trump signed a presidential memorandum charting plans for reciprocal tariffs on foreign nations.
Under the plan, other nations’ non-tariff policies, including value-added taxes (VATS), and other practices that the United States Trade Representative Office saw as unfair trade limitations, will be deemed as unfair trade practices and warrant a retaliatory tariff in response.
South Korea plans to conduct a thorough examination of non-tariff barriers and other potential vulnerabilities in response to the U.S.’s proposed reciprocal tariffs.
However, the impact of these reciprocal tariff measures might be limited for the nation because of the low tariff rates established under the Korea-U.S. Free Trade Agreement.
India and the U.S. will work on a more than $500 billion bilateral trade agreement by 2030, with collaboration on artificial intelligence and semiconductor development, as well as establishing a strong supply chain for strategic minerals.
India’s recent effort to cut import duties on select goods was acknowledged by Trump, and the president said that he would discuss an agreement to address trade disparities.
