Thailand’s SET Index closed at 1,233.68 points, increased 16.53 points or 1.36% with a trading value of THB 51.32 billion. The analyst stated that the Thai market significantly rebounded due to supporting factors from the Thai-Cambodia ceasefire agreement, and the prospect of Thailand reducing the U.S. tariffs to 15-20%, emphasizing the importance of the trade talks results before the August 1 deadline.
The analyst expects the Thai market to move flat tomorrow and recommends investors closely monitor the U.S. job opening figures and the Federal Reserve meeting on July 31.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira, who leads Thailand’s trade negotiation team with the United States (Team Thailand), expressed confidence in reducing the U.S. tariff to well below 36% amid the August 1 deadline.
A U.S. lawmaker has called on SpaceX CEO Elon Musk to ensure Starlink’s satellite internet is kept out of the hands of transnational criminal groups operating scam centers in Southeast Asia, as concerns over technology-enabled fraud mount in the region.
Kim Yo Jong, the sister of North Korean leader Kim Jong Un, spoke on behalf of her brother on state media KCNA that no dialogue would end North Korea’s nuclear program, and the U.S. must accept this reality.
