Thailand’s SET Index closed at 1,430.41 points, decreased 11.12 points or 0.77%, with a trading value of THB 66.14 billion. The analyst stated that the Thai market moved relatively flat following a period of extended gains. This was due to investors having largely priced in political factors.
Meanwhile, DELTA declined amid pressures from U.S. tech stocks facing selloffs.
For next week, the analyst expects the Thai market to consolidate, recommending investors closely monitor listed companies’ earnings reports.
Bangchak Corporation Public Company Limited (SET: BCP) has established a new wholly owned subsidiary, namely Bangchak Hong Kong Holding (BHK Holding), while also acquiring 100% of the total shares in Chevron Hong Kong Limited (CHK) through the new subsidiary. This acquisition aimed to enhance BCP’s presence and credibility across the Asia Pacific markets.
The United States and Taiwan have finalized a trade agreement that lowers tariffs on Taiwanese exports to 15%, matching rates applied to Japan and South Korea. Under the new trade pact, Taiwan will reduce or remove tariffs on 99% of U.S. imports, enabling American industrial and agricultural products to enter the market with preferential treatment.
