Thailand’s SET Index closed at 1,216.71 points, increased 2.32 points or 0.19% with a trading value of THB 43.11 billion. The analyst stated that the Thai market traded sideways as the rally from the beginning of month began to subside. While the U.S.-China tariffs truce have bolstered the market sentiment, the slowed Thai economy weighted its movement.
The analyst recommends investors to closely monitor the U.S. inflation figure through producer price index (PPI) and retail sales. In addition, investors should also pay attention to the remaining listed companies’ earnings reports.
Thailand’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira stated that the decision on whether to continue with the third phase of the 10,000-baht digital wallet cash handout remains under review, mentioning the need for reconsideration amid a comprehensive review of all economic stimulus measures to address the U.S. tariffs.
Scott Bessent, the United States Secretary of the Treasury, offered rare and explicit praise for Thailand’s recent trade initiatives during his remarks at the Saudi-U.S. Investment Forum in Riyadh as part of President Donald Trump’s official visit.
In a surprising diplomatic move, U.S. President Donald Trump has announced the removal of all sanctions against Syria, taking a major step toward exploring normalized relations with Damascus.
