Thailand’s SET Index closed at 1,235.76 points, decreased 6.55 points or 0.53% with a trading value of THB 39.59 billion. The analyst stated that the Thai market moved sideways within range, but is still rebased as the market is being weighed by the selling pressure from major stocks, particularly THAI.
Furthermore, investors are waiting for new supporting factors, especially from Thai politics and the Federal Reserve’s Jackson Hole Economic Symposium later this week.
As for tomorrow, the analyst expects the Thai market to trade sideways.
Thailand’s tourism sector continues to face headwinds, with foreign visitor arrivals from January 1 to August 17 dropping 7.04% year-on-year.
The decline prompted the state planning agency to revise its expectation, lowering the forecast for international arrivals in 2025 to 33 million, down from an earlier projection of 37 million.
Hong Kong’s developers may face the greatest challenge as bond maturities are expected to increase by 70% next year from $4.2 billion to $7.1 billion, while the sales and value of the property sector continue to drop.
President Donald Trump pledged U.S. security support for Ukraine in a rare summit at the White House on Monday, raising hopes for a renewed diplomatic track to end Russia’s ongoing offensive, despite significant uncertainty surrounding the nature and scope of the American guarantee.
