Thailand’s SET Index closed at 1,139.16 points, increased 3.92 points or 0.35% with a trading value of THB 29.30 billion. The analyst stated that the Thai market rebounded from the positive factor of the U.S. officially agreeing to negotiate trade with Thailand for the first time, and excellent progress on the ongoing U.S.-China trade talk. Furthermore, the weakening U.S. dollar and the prospects of interest rate cutting trend by central banks in Asia also boded positive sentiment on the stock market.
The analyst advises investors to closely monitor trade talks between the U.S. and its trading partners.
The ongoing trade discussions between the U.S. and China were scheduled to resume in London on Tuesday, as the two economic superpowers aim to resolve their disagreements following a conversation at the highest level.
China is now turning to rely on the housing provident fund, an overlooked pool worth 10.9 trillion yuan, to help ease its challenges in the property market.
Elon Musk, CEO of Tesla and SpaceX, hinted on the social media ‘X’ that Starlink’s rollout in Thailand could be on the horizon and that the satellite internet service may soon be available to Thai users.
