Thailand’s SET Index closed at 1,195.77 points, increased 1.28 points or 0.11% with a trading value of THB 36.71 billion. The analyst stated that the Thai market traded narrowly, with investors awaiting new supporting catalysts after already pricing in developments on U.S.-China trade talks and 1Q25 earnings reports from listed companies.
For next week, the analyst suggested traders monitor Thailand’s trade data and PMI figures from the U.S.
Thailand’s Commerce Ministry noted that the United States has shown a favorable response to Thailand’s recent trade proposal. The Southeast Asia country is initiating discussions aimed at reducing a hefty 36% tariff on its exports to the U.S., which remains its largest international market.
Japan’s economy faces its first contraction in a year, with a 0.2% shrinkage in the first quarter when compared to the final quarter of 2024 as exports tumbled significantly.
The contraction was higher than market’s expectations, highlighted by a Reuters poll of economists that anticipated only a 0.1% decline.
U.S. President Donald Trump announced that the United States and the United Arab Emirates (UAE) are collaborating to enable Abu Dhabi’s access to cutting-edge American semiconductors to enhance its AI development capabilities.
Trump highlighted an agreement that would pave the way for the UAE to acquire some of the world’s most sophisticated AI semiconductors produced by U.S. companies.
