Thailand’s SET Index closed at 1,244.14 points, increased 10.46 points or 0.85% with a trading value of THB 54.67 billion. The analyst stated that the Thai market consistently surged from buying forces in energy stocks in the morning session, and export stocks in the afternoon trading, following rumors of Thailand securing an 18% tariff deal with the U.S.
The analyst recommends investors closely monitor the Federal Reserve meeting and the U.S. GDP figure, as well as progress on the Thai-U.S. trade talks ahead of the August 1 deadline.
The Constitutional Court of Thailand considered the request by Prime Minister Paetongtarn Shinawatra to extend the deadline for submitting her second defense statement regarding allegations brought against her.
The request seeks an extension of 15 days due to the ongoing process of collecting evidence, which has yet to be fully compiled for a robust defense.
Emergency warnings stretched across the Pacific after a massive earthquake with a magnitude of 8.8 struck off Russia’s Kamchatka Peninsula, prompting widespread tsunami alerts from Japan to the West Coast of the United States and as far as Indonesia and New Zealand.
U.S. and Chinese negotiators have agreed to pursue an extension of their 90-day pause on tariffs, after wrapping up what both sides described as encouraging discussions in Stockholm this week.
Another 90-day extension of the tariff pause is under active consideration, but it depends on President Trump to make the ultimate call.
