Thailand’s SET Index closed at 1,292.72 points, decreased 4.29 points or 0.33%, with a trading value of THB 47.98 billion. The analyst stated that the Thai market movement remained flat as investors have largely priced in both domestic political factors and the Federal Reserve rate cut. As such, investors are awaiting new supporting factors.
Meanwhile, there were also selling pressures from some medium- and large-cap stocks.
The analyst expects the Thai market to continue trading sideways next week.
Thailand’s central bank has moved to temper the rapid appreciation of the baht after the currency reached its highest point in four years, a trend that poses risks to the nation’s fragile economic recovery. Authorities are actively managing the currency and highlighted a recent rise in foreign reserves as evidence of intervention.
Thailand plans to reduce its borrowing by 7.8% to approximately 2.37 trillion baht for the 2026 fiscal year starting October 1.
From the total amount, around 992 billion baht will be designated as new borrowing, while 1.38 trillion baht is earmarked for refinancing existing debt.
Sanae Takaichi, a seasoned Japanese lawmaker viewed as a potential fiscal dove, has pledged a blend of income tax reductions and direct cash payments to households should she secure leadership of the ruling Liberal Democratic Party (LDP). The policy platform positions her as a leading contender to replace outgoing Prime Minister Shigeru Ishiba.
Canada and Mexico have entered into a sweeping strategic partnership aimed at strengthening economic and security relations, just as both countries prepare for what is anticipated to be a difficult negotiation round with the U.S. on their trilateral trade agreement.
