Thailand’s SET Index closed at 1,277.43 points, increased 18.36 points or 1.46% with a trading value of THB 70.06 billion. The analyst stated that the Thai market surged alongside its regional peers as investors expected the Federal Reserve (Fed) to decrease interest rates in the September meeting, the first time since late 2024.
Meanwhile, Thailand’s Monetary Policy Committee (MPC) decreased the policy rates by 0.25% in today’s meeting, further buoying the market sentiment.
The analyst expects the Thai market to trade sideways within the 1,260-1,285 range tomorrow, and recommends investors closely monitor the Fed annual meeting on August 21-23, as well as Thailand’s internal politics.
The MPC voted unanimously to cut the policy rate by 0.25 percentage point from 1.75 to 1.50 percent.
According to the Bank of Thailand (BOT), the Thai economy in 2025 and 2026 is projected to expand close to the previous assessment. Nevertheless, U.S. trade policies will exacerbate structural problems and weaken competitiveness. Additionally, certain sectors of the economy have become more vulnerable, particularly SMEs.
In a bold attempt to disrupt the search-engine status quo and harness one of the internet’s most powerful gateways, artificial intelligence startup Perplexity AI has made a $34.5 billion unsolicited cash offer for Alphabet’s Chrome web browser, according to people familiar with the matter.
Tidlor Holdings Public Company Limited (SET: TIDLOR) has announced a change in the major shareholders’ shareholding structure of the company after its second major shareholder Siam Asia Credit Access sold all of its holdings to Bank of Ayudhya Public Company Limited.
