Thailand’s SET Index closed at 1,251.26 points, decreased 11.41 points or 0.90% with a trading value of THB 59.15 billion. The analyst stated that the Thai market paused gains along with the foreign markets after the Federal Reserve signaled a rate cutting trend, while there are also concerns over the U.S. President Donald Trump’s remarks threatening additional tariffs on China.
The analyst expects the Thai market to trade with volatility tomorrow.
In a striking move that raises new concerns about the independence of the U.S. central bank, President Donald Trump has dismissed Federal Reserve Governor Lisa Cook, citing alleged misrepresentations on her mortgage applications.
Following the move, Gold prices advanced in Asian trading as the move raised fresh alarms over the independence of the world’s most influential central bank.
President Trump has ramped up pressure on China in the intensifying trade conflict, signaling potential tariffs of up to 200% on Chinese imports if Beijing does not provide the U.S. with the sought-after magnets.
Trump has also vowed to confront nations imposing digital taxes on American technology giants, escalating trade tensions as digital policy becomes a flashpoint in global economic competition.
