Thailand’s SET Index closed at 1,268.78 points, increased 16.05 points or 1.28%, with a trading value of THB 34.50 billion. The analyst stated that the Thai market exhibited an upward trend as investors were hopeful for a December Fed rate cut. Additionally, the index was also bolstered by buying forces in big-cap stocks, such as DELTA and AOT.
The analyst expects the Thai market to trade sideways tomorrow.
As expectations for further easing gain ground, CME Group’s FedWatch tool now shows an 81% probability that the Federal Reserve will trim rates by a quarter point at its forthcoming December 9-10 meeting—a figure that’s nearly doubled in just a week.
The surge in odds comes as Federal Reserve officials and investors increasingly point to persistent softness in the labor market and subdued inflation as justification for additional support.
Thailand’s exports increased by 5.7% year-on-year in October 2025, below the 6.3% rise forecast by analysts in a Reuters poll and represented a sharp slowdown from September’s 19% surge.
Meanwhile, imports soared 16.3% year-on-year in October, far exceeding the expected 7.5% increase. This robust growth in imports contributed to a substantially wider trade deficit of $3.44 billion for the month, well above the $0.5 billion deficit predicted by Reuters.
U.S. President Donald Trump confirmed he will visit Beijing in April at the invitation of Chinese President Xi Jinping and has invited Xi to make a state visit to Washington next year. The announcement, made after a phone conversation between the leaders nearly a month after their meeting in South Korea, comes as Washington and Beijing move to solidify a tentative trade framework.
Airlines in China have been instructed to scale back flights to Japan, a directive that reflects deepening diplomatic strains between the two nations after Japanese Prime Minister Sanae Takaichi’s recent remarks on a potential Taiwan crisis. This move signals that Beijing may be bracing for a longer-term downturn in bilateral relations.
