Thailand’s SET Index closed at 1,198.98 points, increased 1.72 points or 0.14% with a trading value of THB 45,63 billion. The analyst stated that the Thai market move surpassed 1,200 points during the morning session as investors are responding to the sign of trade war de-escalation, with DELTA and AOT leading the rally. However, both stocks were facing selloff pressure due to no new supporting factors, and as the SET Index soared above 1,200 points, its P/E has returned to above its regional peer with no upside.
The analyst expects the Thai market to decline next week, while recommending investors closely monitor U.S. employment figures set to release tonight, and the listed companies 1Q25 financial statement.
Bank of Thailand Deputy Governor Piti Disyatat expressed his view on Thailand’s monetary policy, suggesting the central bank’s readiness for further rate easing to cushion the economy against escalating global trade tensions.
Indonesia registered its fastest inflation pace in eight months during April, as the withdrawal of temporary power subsidies and a surge in gold jewellery prices drove consumer prices sharply higher, according to official data released Friday.
China is considering proposals from the U.S. to commence trade talks, potentially setting the stage for negotiations between the two foremost global economies aimed at resolving an ongoing trade conflict that has unsettled financial markets and hindered worldwide economic growth.
The United States and Ukraine have inked a much-anticipated minerals agreement, granting the U.S. preferential access to Ukraine’s natural resources in exchange for establishing a reconstruction investment fund.
