Thailand’s SET Index closed at 1,132.02 points, decreased 17.16 points or 1.49% with a trading value of THB 49.60 billion. The analyst stated that the Thai market plunged opposite to the Asian market trend, due to selling pressure from DELTA as investors are concerned with the capped weight regulation on stocks in the SET50 and SET100 indices. Furthermore, the market still lacks supporting factors, and increasing political uncertainty is putting a strain on the Thai market.
For tomorrow, The analyst expects the Thai market to trade sideways.
South Korea’s liberal candidate Lee Jae-myung has emerged victorious in the nation’s snap presidential election held on Tuesday—exactly six months after the announced martial law by the now-removed president, Yoon Suk Yeol.
Australia’s economic performance in the first quarter fell short of expectations, expanding by 1.3% compared to a year earlier, missing analysts’ projections of 1.5% and matching the previous quarter’s pace.
The Trump administration intensified the stakes in the ongoing global trade dispute by doubling tariffs on most steel and aluminum imports.
Meanwhile, after a U.S. senior official stated the possible talk between President Donald Trump and China President Xi Jinping this week, Trump posted on his social media claiming Xi of being a difficult person to make a deal with despite having great admiration for him.
