Thailand’s SET Index closed at 1,432.99 points, increased 15.54 points or 1.10%, with a trading value of THB 68.6 billion. The analyst stated that the Thai market surged partly due to the U.S. and Israeli leaders’ reassurance remarks regarding military actions.
The U.S. stated it will not deploy ground troops on Iranian soil, while Israel disclosed it will no longer target Iran’s energy facilities. Additionally, the buying forces in big-cap stocks also provided a positive catalyst for the market.
For next week, the analyst recommends investors continue monitoring situations surrounding the Middle East, the key factor causing volatility in equity markets.
China’s key lending rates remained steady, as authorities opted to keep the one-year loan prime rate at 3.0% and the five-year rate at 3.5%. This marks the tenth consecutive month without changes and aligns with market expectations.
Military operations between Israel and Iran continued to escalate, with each country launching strikes against the other’s capital and vital infrastructure.
Diplomatic tensions grew as Iran warned Western countries against involvement, with the Iranian Foreign Minister telling the U.K. that allowing the United States’ use of British bases would be considered active participation in the conflict.
The International Monetary Fund (IMF) is closely monitoring the situation regarding the Iran war and its impact, which has resulted in a disruption of energy production. It warned that a prolonged period of rising energy prices could lead to higher inflation and slow global economic growth, while cautioning central banks to be wary of the development.
