Thailand’s SET Index closed at 1,179.81 points, decreased 9.33 points or 0.78% with a trading value of THB 46.87 billion. The analyst stated that the Thai market plunged due to the slowing Thai economy and the number of tourists which stagnated for the first time in 10 years, excluding the pandemic period. This caused a massive selloff in consumer stocks.
For tomorrow, the analyst anticipated no new supporting factors for the market.
The Bank of Thailand (BOT) expects the country’s commercial banking sector to continue facing external challenges in the second quarter of 2025, particularly due to trade policies from the United States and heightened competition from increasing imported goods.
Japan’s export growth continued to decelerate for the second consecutive month as the country grappled with the fallout from tariffs imposed by U.S. President Donald Trump.
Bank Indonesia reduced its benchmark seven-day reverse repo rate by 25 basis points, bringing it down to 5.50%.
Annual inflation in the United Kingdom climbed to 3.5% in April, surpassing analyst predictions.
