Thailand’s SET Index closed at 1,089.56 points, increased 7.14 points or 0.66% with a trading value of THB 47.22 billion. The analyst stated that the Thai market rebounded as overall factors in the market improved. These factors include the cooling tension between Israel and Iran, clear progress on US-Thai trade talks, as well as the prospect of the Federal Reserve’s rate cut. Furthermore, the SET Index also received tailwinds from telecom stocks such as TRUE and ADVANC completing the spectrum auction. However, headwinds from the political situation persisted.
The analyst recommends investors closely monitor The Constitutional Court’s consideration regarding the petition against Prime Minister Paetongtarn Shinawatra in the case of a leaked conversation between the Thai PM and the President of the Senate of Cambodia Hun Sen, as well as trade talks.
Thai Finance Minister Pichai Chunhavajira announced on Monday that he is set to depart for the United States to participate in bilateral trade discussions over the following two days.
South Korea’s central bank has announced a temporary suspension of its digital currency pilot project, signaling a pause in digital currency development as policy focus shifts to the future of stablecoins under the nation’s new administration.
U.S. President Donald Trump had announced an immediate halt to trade negotiations with Canada following Ottawa’s plans to implement a new tax policy targeting major technology firms.
Meanwhile, Ottawa later reversed its decision on the policy, aiming to facilitate a broader trade agreement with the world’s largest economy.
