Thailand’s SET Index closed at 1,609.76 points, decreased 11.86 points or 0.73%, with a trading value of THB 97.80 billion. The analyst stated that the Thai stock market trended lower due to selling pressures from global tech stocks, as traders responded to rising U.S. bond yields.
Meanwhile, surging crude prices have bolstered the domestic energy stocks, which helped cushion the index.
For tomorrow, the analyst expects the Thai market to move sideways. The analyst recommends investors closely monitor upcoming PMI figures from various countries, Middle East tensions, and the direction of bond yields.
Iran has considered possible strikes on U.S. military facilities in Europe, such as in Bulgaria, where American refuelling planes received access to the Bezmer Air Base last month, if President Donald Trump broadens the current conflict.
The UK economy saw its inflation rate climb to 2.9% in July, driven primarily by a substantial increase in household energy costs. The figures end a recent pattern of falling inflation and align with expectations from economists.
U.S. President Donald Trump has halted the imposition of 50% tariffs, set to take effect on Wednesday, on a range of Canadian products, postponing enforcement by three days after reaching a tentative trade agreement with Canada.
