Thailand’s SET Index closed at 1,163.42 points, decreased 15.01 points or 1.27% with a trading value of THB 34.83 billion. The analyst stated that the Thai market sharply plunged due to pressure from the slowing economy. Uncertainties regarding U.S. President Donald Trump’s EU tariff stance weighted the outlook on the future U.S.-Thai trade talks. In addition, Thailand’s political conflict continues to deepen investors’ concerns.
The analyst suggests investors closely monitor the consideration of the FY2026 budget, and Federal Reserve policy meeting.
Thailand recorded a significant trade deficit of US$3.3 billion in April, a sharp reversal from the US$0.97 billion surplus seen in March. This deficit was also wider than the US$1.2 billion expected by consensus forecasts.
As South Korea’s snap election comes closer, the final opinion poll showed that Lee Jae-myung, a liberal frontrunner, is currently on the lead ahead of rival conservative Kim Moon-soo, by 14 percentage points.
Top European and Chinese trade officials are preparing for another round of talks early next month, signaling a fresh attempt by both sides to counter the mounting tariff threats from Washington.
Federal Reserve officials face mounting challenges in charting the course for monetary policy, as evolving U.S. trade and immigration strategies fuel economic uncertainty.
