Thailand’s SET Index closed at 1,194.49 points, decreased 22.22 points or 1.83% with a trading value of THB 45.79 billion. The analyst stated that the Thai market exhibited a sharp downward trend as investors sold off stocks to mitigate risks over concerns about the Thai economy and political unrest, which could potentially have negative impacts on the consideration of the 2026 budget.
In addition, the index was also pressured by the disappointing overall performance of the 1Q25 earnings reports from listed companies.
For tomorrow, the analyst suggested traders monitor the remaining earnings announcements from listed firms.
The U.K. economy expanded by 0.7% in the first quarter of 2025. This growth exceeded the 0.6% increase anticipated by economists surveyed by Reuters, following minimal expansion of 0.1% and stagnation in the previous two quarters.
Despite calling for direct negotiations, there is an indication that Russian President Vladimir Putin would not join the delegation heading to Turkey to meet Ukrainian President Volodymyr Zelenskiy for peace talks. Shortly after the report, the U.S. President Donald Trump also dropped off the talk.
The International Energy Agency (IEA) stated that challenges in the global economy, alongside surging electric vehicle sales, will slow the increase in global oil demand to 650,000 barrels per day for the rest of 2025.
This marks a reduction from the 990,000 barrels per day growth observed in the first quarter of this year, as outlined in its May oil market report.
