On Tuesday, Liberator Securities expects the Thai market to rebound with overseas supporting factors.
Recently, U.S. President Donald Trump gave a signal that he may not go through with sweeping reciprocal tariffs, but instead opted for levying selected goods from specific countries, easing the market concerns on trade war, which was reflected by 9% decrease in VIX Index.
However, Trump has imposed a 25% tariff on countries that purchased oil or gas from Venezuela.
Domestically, the securities company advised investors to closely monitor Thailand’s political situation, as today there will be a censure debate against the Prime Minister.
The firm set a resistance level for the SET Index at 1,200-1,210 points and a support level at 1,180 points.
Yesterday, Thailand’s SET Index closed at 1,190.06 points, increased 3.45 points or 0.29% with a trading value of THB 23.37 billion.
