Thailand’s SET Index closed at 1,208.13 points, increased 1.55 points or 0.13% with a trading value of THB 43.21 billion. The analyst stated that the Thai market traded sideways within a narrow range, following profit-taking activities on stocks sharply rallied last week, including retail, energy, petrochemical sector, as well as small- and medium-sized equities.
The index also exhibited near-term speculations in the finance sector, as investors were hopeful of the prospect of a more dovish stance on monetary policies from the new Bank of Thailand governor, while there were also movements related to the 2Q25 earnings announcements from banks, with some meeting expectations and some showing slightly better-than-expected performances.
The analyst notes that there could be potential ‘Sale on fact’ activities tomorrow, and recommends investors closely monitor the cabinet meeting.
The Thai government issued its sternest condemnation on Cambodia’s use of anti-personnel landmines at Chong Bok border area, calling it a violation of Thai sovereignty and territorial integrity.
Japan’s ruling coalition suffered a significant setback in Sunday’s upper house elections, losing its majority as voters expressed discontent over soaring prices and uncertainty in trade talks with the United States.
Despite the defeat, Prime Minister Shigeru Ishiba announced he has no intention to step down, pledging to redouble efforts on economic diplomacy.
This week, Philippine President Ferdinand Marcos Jr. will meet the U.S. President Donald Trump to secure a better trade between two nations.
