Thailand’s SET Index closed at 1,482.45 points, decreased 7.28 points or 0.49%, with a trading value of THB 56.99 billion. The analyst stated that the Thai market extended losses, exhibiting a consolidation phase, after dropping below the 1,500-point mark. Moreover, selling pressure, among the ICT and banking sectors, also involved risk mitigation actions ahead of the upcoming negotiations between the U.S. and Iran and the ceasefire deadline at the beginning of next week.
For next week, the analyst expects the Thai bourse to continue trading with volatility.
The United States has brokered a 10-day ceasefire between Israel and Lebanon in a bid to halt hostilities involving the Israeli military and Hezbollah. President Donald Trump revealed the agreement, as violence continued in the hours surrounding the truce’s implementation.
Israeli Prime Minister Benjamin Netanyahu confirmed the arrangement, describing a potential for significant peace progress while affirming that Israeli troops would remain stationed in a fully secured buffer zone within southern Lebanon.
Europe is confronting an acute energy and economic emergency after the Strait of Hormuz was closed on February 28, with the International Energy Agency (IEA) warning that jet fuel supplies could run out within six weeks. Unless a solution is reached soon, flight disruptions could begin in early May, affecting travel and trade across the region.
The blockade has restricted the movement of roughly 20% of the global crude oil and liquefied natural gas flows, which officials are labeling as the most significant energy crisis to date.
