Thailand’s SET Index closed at 1,161.01 points, increased 17.70 points or 1.55% with a trading value of THB 48.02 billion. The analyst stated that the Thai market showed a better performance compared to regional peers, supported by a short-covering rally in several stocks such as AOT, CPALL, TRUE, and GULF.
Bank stocks, meanwhile, declined as investors factored in concerns over potentially weaker earnings and speculation that the new central bank governor may be more dovish on rate cuts than previously expected.
Looking ahead to tomorrow, the analyst expects the market to trade sideways-up and suggests investors monitor the CPI figures from the U.S., slated to be released tonight.
The Thai Cabinet has yet to move forward with the endorsement of a new Bank of Thailand (BoT) Governor, leaving the agenda item off its meeting today.
The decision on selecting a successor to current BoT Governor Dr. Sethaput Suthiwartnarueput—which is a critical step as he approaches the end of his term on September 30, 2025—remains pending.
China’s economy expanded by 5.2% in the second quarter of 2025. The result edged past economists’ projections surveyed by Reuters, who had anticipated growth of 5.1%.
Although this shows a slight moderation from the 5.4% expansion recorded in the first quarter, second-quarter growth still surpassed Beijing’s full-year GDP target of 5%.
According to a report by Bloomberg, the European Union (EU) has drawn up a sweeping roster of potential tariffs covering $84 billion (€72 billion) in U.S. exports.
Compiled by the European Commission and spanning 206 pages, the proposed measures target a broad spectrum of U.S. goods, including Boeing aircraft, automobiles, bourbon, agricultural produce, chemicals, and machinery.
U.S. President Donald Trump announced that the United States will enact tariffs of 100% on nations conducting business with Russia if a peace agreement ending the Ukraine conflict is not reached within 50 days, which would be on September 2.
The warning marks a push towards secondary sanctions, reflecting Trump’s deepening frustration with Russian President Vladimir Putin.
