Thailand’s SET Index closed at 1,218.33 points, decreased 24.02 points or 1.93% with a trading value of THB 54.58 billion. The analyst stated that the Thai market exhibited “Sell on Fact” activities after news of Thailand securing a 19% U.S. tariff, a rate close to its regional peers, brought no surprise to investors. Meanwhile, most countries are being levied a higher rate than the previous 10%, which has become a downside pressure in the global market.
Furthermore, as the Thai stocks have previously surged considerably, investors are selling those stocks to profit, combined with fund outflows from major stocks such as CPALL, AOT, DELTA, BDMS, and GULF.
The analyst recommends investors closely monitor U.S. Nonfarm Payrolls tonight and listed companies’ financial statements next week.
Following rounds of trade talks with the Trump Administration, the U.S. has now declared an agreement with Thailand, imposing a 19% import tariff on Thai products to the U.S.
Thailand is set to make a series of significant concessions, with wide-ranging implications for agriculture, energy imports, aviation, and customs procedures.
U.S. President Donald Trump is trying to revolutionize his nation’s pharmaceutical industry as he sent letters to 17 major drug companies, ordering them to lower the pharmaceutical prices to match the price in other nations or face consequences.
Thailand’s Board of Investment disclosed that the applications for investment promotion have grown significantly, showing an increase of 38% to 1,880 projects, while the investment value soared by 138% to THB 1.05 trillion. This reflects the confidence in Thailand and its role in becoming an essential investment hub in the region.
