Thailand’s SET Index closed at 1,172.69 points, increased 4.67 points or 0.40% with a trading value of THB 24.95 billion. The analyst stated that the Thai market traded sideways within a narrow range with weak trading volume, as investors awaited for U.S. reciprocal tariffs against its trading partners to go into effect tonight. In addition, the Asian market also showed sideways movements.
The analyst suggests investors closely monitor the U.S. markets to gauge the Thai market tomorrow.
Thailand could face a financial blow ranging from $7 billion to $8 billion due to potential U.S. tariffs intended to balance levies between the nations, as revealed by high-ranking officials on Wednesday.
In an effort to sidestep these tariffs, the country aims to boost imports of corn, soybeans, crude oil, and ethane to diminish its trade surplus.
South Korea’s inflation rate startled markets with an unexpected rise in March, driven by the depreciation of the won, which elevated import expenses.
This development complicates the Bank of Korea’s (BOK) efforts to maintain its easing monetary policy when officials convene for the April policy-setting meeting.
The White House announced that President Donald Trump will introduce new tariffs this Wednesday, though specifics on the extent and nature of these trade measures were not disclosed, causing anxiety among businesses, consumers, and investors concerned about an escalating global trade conflict.
