Thailand’s SET Index closed at 1,323.52 points, increased 9.61 points or 0.73%, with a trading value of THB 53.32 billion. The analyst stated that the Thai market soared due to DELTA’s better-than-expected financial results. However, most stocks, such as banks and retailers, contracted today.
For tomorrow, the analyst expects the Thai market to extend gains from overseas factors, after the U.S.-China trade tension has subsided, and the Federal Reserve is expected to cut interest rates in this week’s meeting.
The United States and Thailand have unveiled a major new Framework for an Agreement on Reciprocal Trade, aimed at deepening bilateral economic ties. The proposed deal seeks to dismantle most tariff barriers, expand market access, and address regulatory challenges. This initiative is set to reshape U.S.-Thai trade relations and strengthen commercial cooperation across key sectors.
The U.S. and China have outlined the basic terms of a potential trade agreement that may be finalized later this week by Presidents Donald Trump and Xi Jinping, in a bid to prevent further tariff escalation and delay China’s restrictions on rare earth exports.
Thailand’s exports surged by 19.0% year-on-year in September, marking a robust recovery and significantly outpacing market expectations.
The latest figures far exceeded the 7.0% increase anticipated in a Reuters poll, and followed a 5.8% uptick in August. Imports for the month also climbed, jumping 17.2% from the same period last year, compared with analysts’ projected 10.6% growth.
Japan’s stock market hit a historic milestone as the Nikkei 225 closed above the 50,000 mark for the first time, buoyed by robust investor optimism over anticipated stimulus under new Prime Minister Sanae Takaichi’s leadership.
