Thailand’s SET Index closed at 1,480.24 points, increased 0.53 points or 0.04%, with a trading value of THB 85.88 billion. The analyst stated that the Thai market surged during the morning session as investors priced in the easing of U.S. tariff measures, with DELTA leading the rally.
However, the market pared gains in the afternoon session after positive factors were fully absorbed. Selling pressures also emerged from CPAXT, which reported weaker-than-expected 2025 results, and AOT, which faced sell-on-fact actions after announcing the increase of PSC.
Furthermore, investors are concerned that U.S. President Donald Trump may impose new tariffs using other measures, which was reflected by a plunge in the Dow Jones futures.
For tomorrow, the analyst expects the Thai market to potentially rebase.
Thailand’s export sector saw a remarkable surge in January 2026, with customs-cleared exports rising by 24.4% year-on-year. This figure significantly outperformed the 9.35% growth forecasted by economists in a Reuters poll. The ministry attributed this robust performance to strong global demand, while also expressing optimism for continued export growth throughout 2026.
The European Commission has called on the United States to adhere to the terms of the EU-U.S. trade agreement negotiated in 2025, after a Supreme Court decision led President Trump to impose new, broad-based tariffs, raising concerns among investors about potential volatility in transatlantic trade relations and the stability of global markets.
U.S. Customs and Border Protection (CBP) will stop collecting tariffs previously enforced under the International Emergency Economic Powers Act (IEEPA) effective Tuesday at 12:01 a.m. (GMT+7). The suspension follows a Supreme Court ruling that invalidated Trump’s use of IEEPA to impose widespread tariffs.
