Thailand’s SET Index closed at 1,242.35 points, decreased 1.79 points or 0.14% with a trading value of THB 54.20 billion. The analyst stated that the Thai market traded narrowly sideways in both positive and negative territories. In the morning session, the SET Index plunged to the critical resistance level at 1,230 points before rebounding into a narrow sideways movement in positive territory. This came as markets awaited the conclusion on Thai-U.S. tariff deals, expected ahead of the deadline tomorrow.
Meanwhile, investors were also monitoring listed companies’ 2Q25 earnings reports, while the Thai-Cambodia border situation had little effect on the market.
The analyst expects tomorrow’s trading will depend on the U.S. tariff.
The Federal Reserve opted to keep interest rates steady on Wednesday, but two governors broke from the majority, marking the first instance of a double dissent at the central bank since 1993. The move underscored a growing split among policymakers over the future direction of monetary policy.
According to U.S. Commerce Secretary Howard Lutnick, the United States has made trade agreements with Cambodia and Thailand, coming just hours before President Donald Trump’s impending August 1 tariff deadline. However, specific details are yet to be disclosed.
The United States has established a new trade agreement with South Korea, reducing tariffs on imports from the Asian nation to 15%, down from the previously threatened 25%.
Myanmar’s military leadership ended the country’s state of emergency on July 31, over four years after taking control in a coup, marking a key legal step toward elections planned for late 2025. The decision comes as Myanmar remains deeply mired in civil conflict.
