Thailand’s SET Index closed at 1,113.58 points, decreased 0.91 points or 0.08% with a trading value of THB 27.53 billion. The analyst stated that the Thai market traded narrowly sideways and barely moved due to uncertainty in both domestic and overseas factors, ranging from Israel-Iran conflicts, U.S. trade talks, as well as the reshuffling of the Thai cabinet. This was despite buying forces in tourism stocks and AOT due to the progress in the “Half-Price Thai Travel” scheme.
For tomorrow, the analyst expects a similar movement from the Thai market as investors monitor the meeting results from the U.S. Federal Reserve.
The Bank of Japan (BOJ) opted to leave its benchmark interest rate unchanged at 0.5% and outlined a more gradual approach to scaling back its bond purchases in the upcoming fiscal year, signaling a measured stance toward unwinding its accommodative monetary policy.
Meanwhile, the meeting between Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump ended without a compromise on tariffs that continue to cast a shadow over Japan’s economic outlook.
President Trump has signed off on a new agreement easing import tariffs on selected British goods, signaling progress in trade negotiations between Washington and London, although some key sectors remain unresolved.
Although the 51st meeting of The Group of Seven (G7) still has one day to go, Trump had decided to leave early due to the situation in the Middle East.
