On Friday, Maybank Securities (Thailand) expects the Thai market to trade sideways in response to President Donald Trump’s additional tariffs announcement on the U.S. trading partners such as 50% on Brazil and 20% on the Philippines, making Thailand’s 36% tariffs exceptionally higher than its regional peers.
However, the U.S. better-than-expected economic reports may skyrocketing the U.S. stock markets to its new high.
The securities firm recommends investors to continue closely monitoring the US-Thai trade talk, as well as this morning’s “Team Thailand” discussion on strategy.
The firm set a resistance level for the SET Index at 1,120 and a support level at 1,100 points for today’s session.
Last Wednesday, 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.
