Thailand’s SET Index closed at 1,187.63 points, increased 10.19 points or 0.87% with a trading value of THB 49.52 billion. The analyst stated that the Thai market traded with volatility, after plummeting in the morning session, the market surged in the afternoon trading due to tailwind from major stock buyouts after the Thai ESGX funds were unveiled, which is today’s supporting factors.
However, the global market was still pressured by concerns over the U.S. recession and uncertain trade policy.
For tomorrow, the analyst expects the Thai market to trade sideways.
The Thai stock market pared some losses in the morning session after the Thai Cabinet approved the establishment of a new Thai ESG X Funds with an expectation to help boost the capital market.
The Thai capital market has been facing outflow from the redemption of Long-Term Equity Fund (LTF) since the beginning of 2025, causing the stock market to drop 11.5% so far this year.
Asia’s stock markets mirrored Wall Street’s plunge on Tuesday amid heightened concerns that an extensive trade war could stifle U.S. economic growth and potentially trigger a recession. Investors, seeking refuge, turned to the stable Japanese yen.
Former President of the Philippines, Rodrigo Duterte, was detained following an Interpol-issued arrest warrant by the International Criminal Court (ICC) upon his arrival at Manila’s primary airport from Hong Kong, as reported by government sources on Tuesday.
