Thailand’s SET Index closed at 1,127.21 points, increased 11.52 points or 1.03% with a trading value of THB 34.92 billion. The analyst stated that the Thai market surged due to the rise in DELTA’s share price, in line with U.S. tech stocks. The market also received tailwinds from the upward trend in regional markets and the prospect of Federal Reserve rate cuts due to poor employment figures.
However, uncertainty over possible U.S.-Thai trade deals, particularly in comparison to deals secured by Vietnam, pressured the market.
The analyst recommends investors closely monitor Non-Farm Payrolls from the U.S. as well as trade talks.
According to the World Bank’s latest outlook published Thursday, Thailand’s economy is facing slower-than-expected growth as both global and domestic challenges weigh on prospects.
The organization anticipates Thailand’s GDP expansion of 1.8% for 2025 and 1.7% in 2026, down sharply from earlier estimates of 2.9% and 2.7%, respectively.
The United States has reached a trade agreement with Vietnam following several months of negotiations. Under the new arrangement, a 20% tariff will be applied to a broad range of Vietnamese imports—a figure notably reduced from the initial 46% rate proposed by Trump in April.
The U.S. Commerce Department has informed the three top chip design software providers that they can resume their export of goods, including chip-design software, to China without a government license.
