On Monday, Tisco Securities expects the Thai market to trade lower after US-Thai trade talks yielded no conclusion, and the U.S. is seeking to curb AI chip exports to Thailand and Malaysia to prevent China’s access.
Today, the Stock Exchange of Thailand will impose the HFT threshold on SET100, which may lead to weaker trade volume. Moreover, the unstable Thai politics may also pressure the market.
The securities firm recommends investors to closely monitor Thailand’s inflation report and the U.S. announcement of countries that may be subject to tariffs as high as 70% from August 1 onward.
The firm set a resistance level for the SET Index at 1,130 and a support level at 1,100-1,110 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,119.94 points, decreased 7.27 points or 0.64% with a trading value of THB 27.79 billion.
