Thailand’s SET Index closed at 1,217.15 points, increased 4.66 points or 0.38% with a trading value of THB 36.91 billion. The analyst stated that the Thai market traded sideways and closed in positive territory. The index was supported by AOT buying forces as the company announced the adjustment to passenger service charges (PSC).
Overall, the Thai market still lacks supporting factors, with the Thai-Cambodia border clash expected to pose a short-term disrupting factor. Meanwhile, the global markets are observing the result of U.S. trade talks before the August 1 deadline.
For next week, the analyst recommends investors closely monitor U.S.-Thai trade talks, the Federal Reserve meeting, as well as GDP figures from the U.S. and Europe.
The United Nations Security Council (UNSC) is set to hold an emergency meeting on Friday to address the escalating violence along the Thailand-Cambodia border. The closed-door session is scheduled for 3:00 pm (1900 GMT) at UN headquarters in New York.
New opportunities arose for Thai businesses and investment following the announcement that the United States has removed several Myanmar business figures close to the ruling military junta from its sanctions list, signaling what some suggest could be a significant change in Washington’s approach to Myanmar.
Following a jaw dropping announcement by the U.S. President Donald Trump earlier this week that Japan is willing to invest as much as $550 billion in the U.S., Japan has clarified that profits from this bilateral tariff agreement with the United States will be shared according to each country’s level of contribution and exposure to risk.
India has begun issuing tourist visas to Chinese nationals for the first time in half a decade, marking a notable step toward mending strained relations between Asia’s two largest nations.
