Thailand’s SET Index closed at 1,094.58 points, decreased 19.00 points or 1.71% with a trading value of THB 36.04 billion. The analyst stated that in the afternoon session, the Thai market plunged at a steeper level compared to other markets in the region, which has declined due to investors’ selloff to avoid risk from the Federal Reserve meeting.
Domestically, the Thai market was heavily pressured by political uncertainty from the governing coalition infighting.
The analyst expects the Thai market to continue shrinking tomorrow.
The political landscape in Thailand is currently experiencing significant turbulence as the Bhumjaithai Party (BJT), a key partner in the ‘Paetongtarn Shinawatra’ government, has reportedly ordered its ministers to begin preparing to vacate their offices, signalling a potential major shift in the governing coalition.
The escalating tension stems from a dispute over the coveted Ministry of Interior portfolio, as BJT is threatened to leave the coalition if it cannot retain the Ministry of Interior portfolio.
Indonesia’s central bank kept its key interest rates unchanged on Wednesday, marking a pause in its recent monetary easing cycle as policymakers seek to strike a balance between supporting economic momentum and maintaining currency stability.
As the confrontation between Iran and Israel intensified for a sixth day, U.S. President Donald Trump ramped up his rhetoric, calling for Iran to surrender without any conditions. Speaking to the public via social media, Trump indicated that America’s patience is nearing its limit, though he clarified there is currently “no intention” to target Iran’s top leadership.
Meanwhile, according to the report from the New York Times citing American officials, Tehran has readied a suite of ballistic missiles and military assets for potential strikes against U.S. installations across the region—preparatory steps should America side militarily with Israel.
