Thailand’s SET Index closed at 1,184.93 points, decreased 5.13 points or 0.43% with a trading value of THB 30.76 billion. The analyst stated that the Thai market traded sideways due to the lack of new supporting factors to bolster the index, and the remaining risk from the trade war, despite a sign of easing trade policies from President Donald Trump.
Domestically, the Thai market was still facing headwinds from tourism stocks that are declining due to lower-than-expected Chinese arrivals. The selling pressure from petrochemical stocks also weighed the index.
The analyst expected the Thai market to continue its decline tomorrow if there are no new supporting factors.
As the world braces for U.S. President Donald Trump’s impending tariffs, South Korea has announced a special investigation into potential violations of its free trade agreement with the U.S. regarding country of origin labels.
China has made efforts to engage top executives from major U.S. companies during an annual conference, reflecting Beijing’s strategy to counter trade challenges by fostering investment rather than opting for aggressive retaliation.
India is prepared to reduce tariffs on more than half of U.S. imports, valued at $23 billion, as part of the initial phase of a trade agreement under negotiation with the United States. This move would mark the largest tariff reduction in recent years for the country, designed to counteract forthcoming reciprocal tariffs from the U.S.
