Thailand’s SET Index closed at 1,189.55 points, decreased 17.41 points or 1.44% with a trading value of THB 47.22 billion. The analyst stated that the Thai market has disappointedly plunged as opposed to the regional market that surged due to positive factors from the U.S. Concurrently, Germany and China have announced their economic stimulus measures.
Meanwhile, the Thai market also faced headwinds from the selloffs in energy, banking, and major stocks.
In the short term, the analyst sees no signs of new supporting factors.
On Thursday, the Thai Chamber of Commerce raised concerns about potential U.S. trade policy on Thailand, saying that the nation’s private sector would like to propose measures to address such concerns to the government.
In February, South Korea experienced a slowdown in consumer inflation for the first time in four months, with the consumer price index (CPI) increasing by 2.0% year-on-year, slightly above the 1.95% predicted in a Reuters survey.
European Union leaders plan to endorse significant increases in defence spending and pledge continued support for Ukraine, amid growing unease following former U.S. President Donald Trump’s suspension of military aid to Kyiv.
U.S. President Donald Trump is set to provide a one-month exemption for automakers from the 25% tariffs imposed on Canada and Mexico, on the condition that they comply with existing free trade rules, as reported by the White House on Wednesday.
Additionally, the U.S. is exerting pressure on India to eliminate tariffs on car imports as part of a forthcoming trade deal, according to insiders. New Delhi, however, has shown hesitance in zeroing out these duties promptly and is contemplating gradual reductions.
