Thailand’s SET Index closed at 1,176.36 points, increased 2.99 points or 0.25% with a trading value of THB 34.68 billion. The analyst stated that the Thai market traded narrowly sideways. The index surged in the morning session along with the regional trend before subsiding as it lacked new supporting factors.
Furthermore, the market base is not strong enough, even with listed companies’ 1Q25 positive results. Investors are concerned about the next quarter performance due to the decline in tourist arrivals.
For next week, the analyst expects the Thai market to move sideways within a limited range, with traders awaiting new supporting factors. Market participants are suggested to closely monitor the U.S. inflation figure and Thailand’s exports figure.
Japan saw its core inflation rate accelerate to 3.5% in April, supported partly by higher rice prices. The figures slightly beat expectations polled by Reuters economists of 3.4% and marked the quickest pace since January 2023.
Following the recent negotiation in Geneva that eases the trade war tension, the U.S. and China have made an official call, with both nations agreeing to maintain the communication.
House Republicans have successfully pushed through a significant legislative package that aligns with Donald Trump’s fiscal agenda, though it comes with hefty additions to the national debt and could jeopardize federal safety net benefits for numerous Americans.
