Thailand’s SET Index closed at 1,074.59 points, decreased 50.62 points or 4.50% with a trading value of THB 66.79 billion. The Thai stock market faced a heavy selloff, coming out of a holiday on Monday that saw global equity markets losing tens of billions dollars due to concern over the impact of Trump’s tariffs.
However, the implementation of the Thai stock exchange in temporarily banning short-selling and a new trading limit helped cushion the impact from market rout.
The Thai stock market could see some light tomorrow, judging from major Asian markets that closed in positive territory in today’s session, while U.S. futures also pointed for gains.
Thailand Prime Minister Paetongtarn Shinawatra will be the chairwoman of the Ministry of Finance meeting to discuss the trip to the U.S. to negotiate about President Donald Trump’s tariff.
Vietnam is increasing its procurement of American goods, including defense and security equipment, and has formally requested a 45-day postponement on the application of U.S. tariffs.
In a strategic move to mitigate the repercussions of impending U.S. tariffs, Indonesia announced a range of concessions on American imports on Tuesday, including tax cuts on electronic goods and steel.
South Korea has set an election date in June, following the removal of ex-president Yoon Suk-yeol due to his abusive enactment of martial law in late December, sending the country into a turmoil and damaging its reputation.
