Thailand’s SET Index closed at 1,325.62 points, decreased 5.45 points or 0.41%, with a trading value of THB 46.89 billion. The analyst stated that the Thai market traded sideways-down due to lack of supporting factors after having surged sharply. Additionally, there are overseas negative factors ranging from geopolitical conflicts, the new Federal Reserve chair, tech companies’ earnings reports.
Meanwhile, the Thai equity market’s valuation has reached the price-to-earning ratio of 14x, causing funds to flow out.
For next week, the analyst expects the Thai market to move sideways, recommending investors closely monitor listed companies’ earning reports.
The U.S. Treasury has increased its oversight of global foreign exchange practices, broadening its analysis to include interventions aimed at both weakening and strengthening currencies against the dollar. This move did not result in any major trading partner being identified as a currency manipulator.
Thailand was newly added to the U.S. Treasury’s monitoring list due to a rising global current account surplus and a growing trade surplus with the United States.
President Donald Trump is scheduled to announce his choice for the next Federal Reserve chair on Friday, a decision closely watched by financial markets due to its implications for Fed autonomy. The selection comes as investors gauge whether the central bank will maintain its independence from political influence.
Lawmakers reached an agreement to avoid a partial government shutdown and temporarily extend funding for the Department of Homeland Security, while discussions continue over new limits on President Donald Trump’s immigration enforcement.
President Trump announced all Canadian-made aircraft will face decertification and could be subject to a 50% import tariff, escalating a cross-border dispute that could impact airlines and investors. The move, described as retaliatory, stems from Canada’s refusal to certify jets produced by U.S.-based Gulfstream Aerospace.
