Thailand’s SET Index closed at 1,164.01 points, increased 3.27 points or 0.28% with a trading value of THB 34.78 billion. The analyst stated that the Thai market faced selling pressure after having rallied along with the global market following the suspension of President Donald Trump’s “Reciprocal Tariffs” by the U.S. Court of International Trade. However, the Thai market still lacks supporting factors.
The analyst expects the Thai market to trade sideways tomorrow.
A U.S. federal court ruled on Wednesday that President Trump overstepped his executive powers with the imposition of reciprocal tariffs, striking at a central pillar of his economic policy agenda.
However, as the Trump administration immediately filed a notice of appeal to the court, the exact status of the tariffs plan remained unclear.
Thailand’s Prime Minister Paetongtarn Shinawatra made a statement regarding the U.S. federal court ruling, noting her awareness of the situation but seeing it as a domestic issue for the world’s largest economy.
The PM pointed out that the country must continue to move forward and remain prepared on all fronts, while also ensuring negotiations with the U.S. to level trade balance.
Elon Musk has formally announced his departure from the Department of Government Efficiency (DOGE), ending his role as a key advisor after just over four months.
