Thailand’s SET Index closed at 1,119.94 points, decreased 7.27 points or 0.64% with a trading value of THB 27.79 billion. The analyst stated that the Thai market exhibited a downward trend following gains from previous sessions. This came as investors utilized profit-taking activities to mitigate risks before the weekend break amid uncertainties from Thai-U.S. trade talks while the July 9 deadline looms.
Moreover, the SET Index traded with a weak volume today as the U.S. stock markets closed on Independence Day.
For next week, the analyst recommends investors closely monitor U.S. trade talks with its trading partners, as well as the U.S. economic reports.
Thailand’s Deputy Finance Minister Julapun Amornvivat revealed that the country is currently in negotiations with the United States over trade tariffs, cautioning that a resolution may not come quickly and that talks are unlikely to conclude fully in the near term.
U.S. President Donald Trump has outlined plans for his administration to begin issuing formal notifications to American trading partners on July 4, announcing the introduction of new unilateral tariff rates.
Stronger-than-expected U.S. employment gains in June have strengthened the Federal Reserve’s case for holding interest rates steady as it seeks to curb inflation.
