Thailand’s SET Index closed at 1,160.74 points, decreased 2.68 points or 0.23% with a trading value of THB 36.28 billion. The analyst stated that the Thai market initially rebounded in the morning, before declining to settle slightly lower at the end of the trading session due to a lack of supporting factors.
Stocks in some sectors such as petrochemicals surged and supported the index following positive sentiment from the short-term de-escalation of trade war, but the selloff of KBANK and DELTA weighed the gain.
The analyst expects the Thai market to potentially decline tomorrow, suggesting traders monitor the Federal Reserve’s meeting and crude oil prices.
Thailand is facing a slow down in foreign tourist arrivals in the first five months of 2025, especially from declining Chinese tourists.
There were 13.9 million foreign arrivals to Thailand from January 1 to May 25, representing a drop by 2.55% from the same period a year earlier.
Australia’s inflation remained stable in April with the consumer prices climbing 2.4% year-on-year, unchanged from March but just above market forecasts of 2.3%.
U.S. President Donald Trump made a startling assertion, claiming that Canada’s government is “considering” an offer to become a U.S. state in return for a spot in a new defense arrangement.
