Thailand’s SET Index closed at 1,465.72 points, decreased 5.27 points or 0.36%, with a trading value of THB 55.25 billion. The analyst stated that the Thai market slid along with the foreign markets’ trend, but at a slower pace compared to other Asian markets.
The analyst pointed to President Donald Trump’s address as the key pressuring catalyst, indicating that the U.S. will continue to attack Iran to end the war. Market participants viewed the remark as a sign of the prolonged conflict and opted to sell risk assets. Meanwhile, the downward trend was offset by buying forces in the energy sector.
For tomorrow, the analyst expects the Thai market to move with volatility amid potential selling pressures ahead of a long holiday.
Anutin Charnvirakul, Thailand’s Prime Minister and Minister of Interior, stated that a task force has been established to track groups hoarding oil, opportunistically raising prices, as well as smuggling oil out of Thailand, as this is considered a threat to national security.
A consumer behavior survey forecasted that spending in the Songkran festival in 2026 will be THB 129.649 billion, a decrease of 3.7% from 2025, which stood at THB 134.631 billion, marking the lowest level in four years since 2023. The spending behavior was due to concerns over the Thai economy, which was affected by conflicts in the Middle East that raised global oil prices.
Hopes for a diplomatic pivot on Iran were swiftly dashed as President Donald Trump delivered a defiant address to the nation, signaling not a de-escalation — but an intensification — of the ongoing U.S.-Iran conflict.
In his address, Trump outlined several key positions: U.S. strikes on Iranian power generation infrastructure remain on the table if no deal is reached, and Iran’s military has been severely degraded, with most of its senior leadership reportedly killed.
