Thailand’s SET Index closed at 1,305.24 points, increased 19.60 points or 1.52%, with a trading value of THB 34.98 billion. The analyst stated that the Thai market rebounded past 1,300 points due to rallies in electronic stocks. The surge was also supported by the prospect of economic stimulus measures bringing BOI-supported foreign companies to list in the Thai market, which expected to be driven by semiconductor and EV stocks.
The analyst expected the index to move narrowly tomorrow, but could see another run if the market is able to stand above 1,300 points. Additionally, the market should watch the monetary policy meeting by the central bank tomorrow.
The Bank of Thailand (BOT) is widely anticipated to reduce its benchmark interest rate by 25 basis points at its meeting on Wednesday, seeking to support a sluggish economy strained by the appreciating baht and intensifying U.S. tariffs.
Taiwan’s President Lai Ching-te has urged U.S. President Donald Trump to maintain strong support for the island in the face of growing concerns that Washington could compromise Taiwan’s interests as it seeks improved relations with Beijing.
The World Bank has revised its outlook for China’s economic growth in 2025, upgrading its forecast to 4.8% from the 4% projected in April. This latest projection brings the estimate in line with Beijing’s official GDP growth target of around 5% and comes amid a broader positive adjustment for East Asia and the Pacific, following a turbulent period for global trade driven by U.S. tariff actions.
