Thailand’s SET Index closed at 1,491.01 points, decreasing by 16.19 points or 1.07%, with a trading value of THB 63.49 billion. The analyst stated that the Thai benchmark plunged below the 1,500-point threshold, as negative sentiment from global technology weakness led to a sharp selling in domestic electronics component names.
Despite easing tension in the Middle East after a peace talk, the following reduction in crude prices has weighed Thai energy counters, which also pressured the broader market.
Furthermore, volatility during the U.S. midterm election also complicated the market sentiment.
For tomorrow, the analyst expects the Thai market to potentially see a technical rebound.
The Thai Cabinet had approved an increase in excise tax rates for imported electric vehicles that do not use domestically manufactured components.
The tax rate for battery electric vehicles (BEVs) manufactured overseas and imported into Thailand will rise from 10% to 35%. Meanwhile, the rate for range-extended electric vehicles (REEVs), which combine fuel and electric power but are driven exclusively by electric motors, will increase from 15% to 35%. Both changes will take effect on January 1, 2027.
Indirect talks between Iran and the United States aimed at halting their eight-month conflict have intensified following Qatari-mediated discussions in Doha. Although recent exchanges produced modified draft terms without yielding a final breakthrough, officials in both capitals indicated potential progress toward a negotiated settlement.
