Thailand’s SET Index closed at 1,159.00 points, increased 12.14 points or 1.06% with a trading value of THB 33.12 billion. The analyst stated that the Thai market surged as it was supported by the positive trend seen in the electronics stocks, following the rise of the Nasdaq Composite. The market also received positive sentiment from significant speculative buying of DELTA shares, driven by anticipation of the company’s first-quarter earnings release for 2025.
Looking ahead to the coming week, market observers are predicting a sideways trading pattern for the Thai index, as participants closely watch for news from the Monetary Policy Committee’s meeting. A rate cut or indications of such an action could inject further positivity into the market sentiment.
Investors will also be keenly tracking developments in various economic fronts, including the ongoing trade discussions between the United States and China, forthcoming U.S. employment figures, first-quarter earnings reports from key companies, and an early glimpse into Thailand’s gross domestic product performance for the first quarter of 2025.
Former Prime Minister Thaksin Shinawatra has asserted that Thailand must overhaul its import regulations and investment promotion strategies, key factors that have previously attracted significant Chinese capital to the country. This comes amidst a looming threat from a hefty 36% U.S. tariff, which risks undermining Thailand’s export-dependent economy.
China is weighing the possibility of lifting its 125% tariff on selected U.S. imports, including medical equipment and certain industrial chemicals like ethane, according to Bloomberg citing sources familiar with the matter.
This move comes as the economic repercussions of the ongoing trade war strain specific sectors. The discussions reportedly extend to potential tariff waivers for plane leases.
President Donald Trump confirmed that discussions between the U.S. and China regarding trade are in progress. This contradicts claims from China that no such talks have occurred to alleviate the ongoing trade dispute.
