Thailand’s SET Index closed at 1,405.02 points, decreased 4.33 points or 0.31%, with a trading value of THB 52.54 billion. The analyst stated that the Thai market traded sideways as there were no signs of clear progress on the Middle East war.
Despite the recovery in the morning session, the market faced downward pressure in the afternoon following the attack on the United Arab Emirates’ port, which drove crude prices.
Meanwhile, the index moved with weak volume as investors traded cautiously with the conflict remaining in focus.
For tomorrow, the analyst expects the Thai market to move sideways-down, recommending investors closely monitor central bank meetings and the selection of Thailand’s Prime Minister.
A recent escalation of conflict in the Middle East has disrupted LNG shipments through the Strait of Hormuz, triggering immediate consequences for Asian economies highly dependent on these imports. The majority of LNG cargoes transiting this chokepoint are bound for Asia, placing major regional importers at heightened risk due to minimal options for supply diversion.
Flight operations at Dubai International Airport are being restored on a limited basis after a temporary suspension. The Dubai Civil Aviation Authority reported that selected flights resumed from 10 a.m. local time, following precautionary measures that paused departures from one of the world’s busiest aviation hubs.
The authority introduced the suspension in the early hours after a fire broke out near the facility’s fuel tanks, linked to a drone incident. The disruption led to immediate emergency measures as a safety precaution, affecting outbound and inbound flights at the airport.
