Thailand’s SET Index closed at 1,187.90 points, decreased 2.46 points or 0.21% with a trading value of THB 27.60 billion. The analyst stated that the Thai market plunged due to uncertainty over the trade war after the U.S. announced tariffs on auto imports.
Furthermore, the market was also weighted by the selling of expired TFEX, but the buying force from banking stocks helped slow the decline.
The analyst expected the Thai market to trade sideways tomorrow.
Thailand’s cabinet gave the green light to a draft legislation aimed at establishing casinos and entertainment complexes, according to a government spokesperson.
In a significant diplomatic development, Japan and Brazil have agreed to create a structure for foreign policy and defense exchanges during Brazilian President Lula Da Silva’s state visit to Japan.
President Donald Trump has delivered on his pledge to impose significant tariffs on foreign automakers and parts, with a 25% duty now targeting all imported cars, light trucks, and specific auto parts not manufactured within U.S. borders. These tariffs, coming into effect on April 2, aim to bolster annual revenue by approximately $100 billion, according to White House projections.
Canadian Prime Minister Mark Carney has signaled a rapid response to new tariffs on imported vehicles announced by President Trump, describing the move as a direct attack.
Trump warned the European Union and Canada of impending “large scale” tariffs should they join forces in actions against the U.S. economy.
