Thailand’s SET Index closed at 1,100.01 points, increased 37.23 points or 3.50% with a trading value of THB 52.84 billion. The analyst stated that the Thai market outperformed its regional peers largely due to the ceasefire agreement between Israel and Iran.
Domestically, outlooks on Thai politics turned positive after the ruling coalition showed signs of resilience. Furthermore, the cabinet passed the THB 115 billion economic stimulus plan.
The analyst expects the Thai market to move flat tomorrow.
Israel and Iran agreed to the ceasefire Trump previously brokered, with the U.S. president emphasizing both sides not to violate. Israel stated its goal achievement in destroying several Iran’s nuclear programme sites, while Iran stated its victory in forcing Israel to ceasefire and will not respond if there is no more attack from Israel after 04:00 am local time in Tehran.
Hours later, Israel accused Iran of violating a ceasefire. Although Iran denied the accusation
As tension between Thailand and Cambodia escalates, the Thai government announces measures to crack down on the world’s largest international scammer base, which is Cambodia. This is based on the data revealed by the United Nation not long ago.
Despite escalating tensions in the Middle East, some within the Chinese business community see an opportunity if the current stand-off prompts Washington to loosen its sanctions regime.
Gulf Development Public Company Limited passed a resolution approving the development of the LNG terminal and regasification facilities of the Map Ta Phut industrial port development phase 3 project (Map Ta Phut Project), with a total investment not exceeding THB 60,000 million.
The Stock Exchange of Thailand (SET) has announced the early termination of its recently imposed trading restrictions, bringing a measure of normalcy back to the market after a period of geopolitical uncertainty.
