Thailand’s SET Index closed at 1,481.85 points, decreased 0.60 points or 0.04%, with a trading value of THB 54.07 billion. The analyst stated that the Thai market slid following large-cap stock selloffs, particularly CPALL and SCB, while the situation surrounding the U.S. and Iran remains uncertain.
For tomorrow, the analyst expects the Thai market to trade sideways.
Earlier on Monday, the United States intercepted and seized an Iranian cargo vessel attempting to bypass its maritime blockade, prompting Iran to warn of imminent retaliation. At the same time, Iran announced its refusal to join a new round of peace negotiations, casting further doubt on regional stability just days before the current ceasefire is set to end.
Iran’s armed forces reported that the ship was traveling from China and condemned the U.S. actions as armed piracy. The prospects for a renewed ceasefire and diplomatic progress remain uncertain as the negotiating window nears its scheduled close.
Mr. Pakorn Nilprapunt, Thailand’s Deputy Prime Minister, disclosed that the government is currently considering issuing an Emergency Decree to borrow funds amounting to 500 billion baht in preparation for possible crises. He explained that the current situation requires urgent and emergency measures, as the national treasury has quite limited and strained reserves.
