Thailand’s SET Index closed at 1,168.02 points, increased 9.93 points or 0.86% with a trading value of THB 26.39 billion. The analyst stated that the Thai market rebounded due to the rally in energy stocks after the U.S. threatened to impose tariffs on nations that purchase Russian oil, shooting up the crude prices.
Furthermore, the Thai market was also bolstered by investors buying stocks in various sectors such as banking and telecommunication, although the volume was weak.
The analyst expected the Thai market to trade sideways within the range tomorrow.
Paetongtarn Shinawatra, the Prime Minister of Thailand, announced on Tuesday that the Cabinet has acknowledged measures to alleviate the financial burden of energy costs on the public. Proposed by the Ministry of Energy, the new target is to reduce the electricity rates for the billing cycle from May to August 2025 to not exceed 3.99 baht per unit without using government subsidies.
In a bid to bolster its technology sector, China is urging banks to amplify credit loans as well as medium and long-term loans to tech enterprises, as announced by the National Financial Regulatory Administration.
The Reserve Bank of Australia (RBA) maintained its benchmark policy rate at 4.1%, a widely anticipated move despite previous indications that inflation was decreasing more rapidly than expected. February’s inflation rate was lower than anticipated, at 2.4%.
Annual inflation in the euro zone fell to 2.2% in March, aligning with expectations, and just below February’s final figure of 2.3%.
