Thailand’s SET Index closed at 1,264.47 points, increased 17.51 points or 1.40% with a trading value of THB 65.23 billion. The analyst stated that the Thai market extended gains, spreading across sectors. This came from fund inflows amid prospects of the Federal Reserve cutting interest rates and the declining bond yield, while risky assets have become more attractive to investors.
Domestically, the U.S. tariff situation has become clearer, and listed companies’ profit forecasts have improved.
For tomorrow, the analyst expects the Thai market to potentially reap more gains.
Thailand’s inflation rate continued its downward trajectory in July, with headline consumer prices dropping by 0.7% year-on-year, marking an even sharper decline than June’s 0.25% contraction.
The Reserve Bank of India (RBI) opted to keep its policy rate steady at 5.5% on Wednesday, as the nation faces mounting tariff threats from U.S. President Donald Trump. The decision matched economist expectations and followed a sizable 50-basis-point rate cut at the previous meeting in June.
U.S. President Donald Trump announced plans to impose a phased series of hefty tariffs on imported pharmaceuticals, beginning with a modest initial rate and scaling up to 150% within 18 months, ultimately reaching 250%. The proposed measure, intended to stimulate domestic manufacturing, was detailed during a CNBC interview on Tuesday.
