Thailand’s SET Index closed at 1,082.42 points, decreased 24.31 points or 2.20% with a trading value of THB 38.59 billion. The analyst stated that the Thai market plunged due to concerns over political uncertainty which could lead to a large-scale protest. This downside sentiment caused selling pressures as investors sought to mitigate political risks.
The analyst expects the Thai market to move flat on Monday, while recommending investors to closely monitor the political situation.
Thailand’s Finance Minister, Pichai Chunhavajira, announced his plans to visit the United States next week for critical trade negotiations.
Thailand is currently racing against the clock, facing the possibility of a steep 36% U.S. tariff on its exports if an agreement is not reached before a moratorium ends in early July.
Vietnam’s legislature has approved sweeping changes to credit institution laws, boosting the central bank’s discretion and streamlining how commercial lenders tackle bad debts—moves that analysts see as pivotal for financial stability and banking sector reform.
President Donald Trump may extend upcoming deadlines for reinstating significant tariffs on imports from most nations worldwide.
White House Press Secretary Karoline Leavitt indicated the scheduled deadlines of July 8 and 9 are “not critical,” and that there is a possibility the dates could be extended, but ultimately, this is the president’s decision.
