Thailand’s SET Index closed at 1,115.65 points, decreased 7.35 points or 0.65% with a trading value of THB 29.53 billion. The analyst stated that the Thai market traded sideways down in response to the new round of tariffs from the U.S.
However, the index movement was better than expected as the affected stocks, such as electronics and industrial estate, rebounded in the afternoon session. This was attributed to investor optimism as tariffs on Thailand remained at 36% while the deadline was pushed forward to August 1.
For tomorrow, the analyst recommends investors closely monitor the Thai-U.S. trade talks, China’s inflation figures, the U.S. economic report, as well as the Thai parliamentary session.
U.S. President Donald Trump has launched the first of a series of formal warnings to major U.S. trading partners, signaling his intent to impose higher tariffs even as he kept open the prospect for further talks and postponed any increases until at least August 1, 2025.
The United States will introduce a sweeping 36% tariff on all Thai imports, as Trump escalates efforts to address what he deems a persistent and unsustainable trade imbalance with Thailand.
In Thailand, the Cabinet has agreed to withdraw the Entertainment Complex Bill from the parliament agenda, following a proposal from the Ministry of Finance.
Vietnam’s central bank has pledged to take swift action if needed to rein in inflation and support the country’s growth ambitions, as policymakers confront mounting pressure from heightened U.S. tariffs and global economic headwinds.
