Thailand’s SET Index closed at 1,242.31 points, decreased 17.11 points or 1.36% with a trading value of THB 39.29 billion. The analyst stated that the Thai market faced continued selloff, especially in THAI and AOT, which saw profit-taking and putting pressure on the SET Index. Moreover, the banking sector is also beginning to see profit-taking as well.
Moving forward, Thai politics will have an increased effect on the Thai market, as this week will be the trials of Prime Minister Paetongtarn Shinawatra and former Prime Minister Thaksin Shinawatra.
The analyst expects the Thai market to rebase tomorrow.
Thailand’s economy posted stronger-than-expected growth in the second quarter of 2025, expanding 2.8% year-on-year. This figure surpassed the 2.5% median forecast in a recent Reuters survey of analysts, highlighting a moderate recovery in Southeast Asia’s second-largest economy.
Following nearly five years of civil war that claims the life of many civilians, Myanmar has announced the date of its general election. However, some western governments doubted its fairness, viewing it as a means of the ruling generals to legitimize and secure their authority.
After the meeting in Alaska with Russian President Vladimir Putin, the U.S. President Donald Trump wants Ukrainian President Volodymyr Zelenskyy to end the war as soon as possible, saying that there is no reacquisition of Crimea and no joining NATO.
