Thailand’s SET Index closed at 1,187.06 points, decreased 8.71 points or 0.73% with a trading value of THB 36.74 billion. The analyst stated that the Thai market slumped as listed companies wrapped up their earning reports and 1Q25 GDP is expected to be the biggest growth of the year, reinforcing the bearish trend in the remaining quarters in both QoQ and HoH growth. Furthermore, the Thai market has largely realized the effect of the trade negotiation, while lacking new supporting factors.
The analyst expects the Thai market to continue its decline tomorrow.
Thailand will postpone its cash distribution scheme and redirect the remaining budget of 157 billion baht ($4.75 billion) towards investment in water management, infrastructure, logistics, and micro-business loans.
Meanwhile, the Thailand Board of Investment (BOI) approved a series of measures to promote and support local small and medium size enterprises (SME), especially in sectors facing high competition, and improved tax benefits for tourism businesses in second-tier provinces.
China’s retail sales growth in April decelerated to rise by 5.1% compared to the same period last year. The figure fell short of analysts’ expectations polled by Reuters of a 5.5% increase and exhibited a slowdown from March’s 5.9% growth.
Eurozone economic growth is set to undershoot previous expectations this year and next, according to a bleak outlook from the European Commission, which cited the ongoing trade conflict initiated by the United States and persistent uncertainty about its resolution as major headwinds.
