Thailand’s SET Index closed at 1,149.18 points, decreased 14.83 points or 1.27% with a trading value of THB 73.09 billion. The analyst stated that the Thai market plunged after the revision of the MSCI Global Standard Index, which removed BEM, CRC, KTC, and downgraded other stocks, particularly DELTA. This caused a huge downside pressure to the market and raised concerns over an outflow of around THB 13 billion from the Thai market.
Furthermore, stocks that benefited from yesterday’s order from the U.S. Court of International Trade on President Donald Trump’s reciprocal tariffs have turned downward following an order from an appeals court issuing a stay order.
For next week, the analyst recommends investors closely monitor the consideration of the FY2026 Budget Act, which can generate positive sentiment for the Thai market if turned out well, and the Reserve Bank of India’s policy meeting.
A federal appeals court on Thursday agreed to the Trump administration’s request to temporarily halt a lower court decision that invalidated most of President Donald Trump’s tariffs.
The U.S. may soon sell weapons to Taiwan at the high volume record, possibly surpassing the figure during President Donald Trump’s first term. This comes as China intensifies their military pressure on the democratic island.
China and Japan signaled that they were nearing a breakthrough in a protracted row over Tokyo’s release of treated wastewater from the Fukushima nuclear plant—a dispute that triggered a sweeping Chinese ban on Japanese seafood nearly a year ago.
A leading indicator of UK business confidence surged to a nine-month high in May, marking its strongest reading since Keir Starmer assumed office as Prime Minister.
The Lloyds sentiment index rose by 11 points to 50, its highest mark since last August, fully recouping losses registered in April.
