Thailand’s SET Index closed at 1,639.34 points, decreased 13.63 points or 0.82%, with a trading value of THB 116.52 billion. The analyst stated that the Thai market plunged with trading value exceeding THB 100 billion, as the banking sector and big-caps faced profit-takings.
Meanwhile, investment capitals rotated toward the petrochemical sector and commodities due to Middle East tensions.
For tomorrow, the analyst expects the Thai market to move sideways with volatility, recommending investors closely monitor major tech firms’ earnings results, as they could bolster positive sentiment on DELTA and the electronics sector.
Japanese exports and imports both saw their fastest year-on-year increases in June since November 2022, with official data showing strong external demand and the impact of currency movements.
Exports expanded by 19.3% compared to the same month last year, surpassing economists’ forecasts and marking an acceleration from May’s 16.8% rise. Growth was bolstered by robust semiconductor equipment shipments and the depreciation of the yen.
Indonesia’s central bank decided to leave its primary interest rate unchanged on Wednesday, choosing not to raise rates for a third straight time, despite most analysts projecting another increase.
The seven-day reverse repurchase rate remains at 5.75%, with Bank Indonesia holding deposit and lending facility rates steady at 4.75% and 6.50%, respectively.
President Donald Trump announced that imports of generic pharmaceuticals into the United States will be exempt from tariffs for two years beginning August 1, 2026. After that period, a 100% tariff will be imposed in August 2028, increasing to 200% in 2029.
The policy change is designed to allow pharmaceutical manufacturers sufficient time to relocate their production operations to the U.S. before the steep tariff rates come into effect.
