Thailand’s SET Index closed at 1,128.62 points, decreased 12.96 points or 1.14% with a trading value of THB 32.48 billion. The analyst stated that the Thai market plunged following the regional market trend, and Dow Jones Futures faced the ‘Sell on Fact’ activities after the U.S.-China trade talks reached a preliminary agreement.
Domestically, Thailand’s political situation still clouded uncertainty, thus weighing the investment climate. Furthermore, the Thai consumer confidence index continues its decline in May.
The analyst expects the Thai market to trade sideways-down tomorrow.
Thai consumer sentiment continued its downward spiral in May, marking the fourth consecutive month of decline. The confidence index has plunged to its lowest point in over two years, primarily driven by apprehensions surrounding U.S. tariffs and a slowdown in the economy.
Vietnam’s legislature has approved a landmark administrative reorganization, consolidating its 63 provincial-level administrations into just 34 in a move set to fundamentally reshape the country’s governing structure and economic development trajectory.
Britain’s economy in April suffered its steepest monthly contraction since late 2023, as fresh US tariffs under President Donald Trump triggered global trade uncertainty and dampened demand for British exports.
Consumer prices in the United States edged up by less than anticipated in May, with lower gasoline prices counterbalancing higher rents.
Despite this moderation, economists warn that inflation may pick up in the coming months as new tariffs imposed by the Trump administration start to filter through to retail prices.
