On Tuesday, Liberator Securities expected the Thai market to plummet after the U.S. announced a new set of tariffs, of which Thailand was maintained at 36%, while its rival Vietnam is set to be taxed at a lower rate. The announcement further pressured Thailand investment and export sectors.
The securities firm recommends investors closely monitor the U.S. response to Thailand’s new trade offering, and the amount of tariff reduction the kingdom could brokered
The firm set a resistance level for the SET Index at 1,113 and a support level at 1,090 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,123.00 points, increased 3.06 points or 0.27% with a trading value of THB 31.44 billion.
