Thailand’s SET Index closed at 1,490.40 points, increased 10.16 points or 0.69%, with a trading value of THB 80.17 billion. The analyst stated that the Thai market has overall continued the stabilizing trajectory from the previous session, after having sharply surged by 250 points within a month.
This caused the index to move relatively flat after foreign fund flows had subsided yesterday, which resulted in selling pressure in some equities, although the market currently has no negative factors.
However, the index sharply rebounded during the last hours of today’s session, which signaled a potential end of the downward trajectory, and stabilized at above 1,480 points.
For tomorrow, the analyst expects the Thai market to move sideways.
China’s central bank maintained its one-year loan prime rate at 3.0% and left the five-year rate at 3.5%, extending its pause on policy adjustments for the tenth consecutive month. The decision comes as policymakers balance the need for economic stimulus with efforts to keep the yuan stable.
China has barred the export of dual-use items to 20 Japanese organizations identified as suppliers to Japan’s military. The move targets several prominent Japanese companies with defence ties and comes amid heightened scrutiny over Japan’s military developments.
The United States imposes a new 10% flat global tariff, marking a significant departure in U.S. trade policy after a recent legal defeat for President Donald Trump’s administration. While President Trump indicated a potential move to a 15% rate, at present, U.S. Customs and Border Protection has clarified that the initial global import duty will be set at 10%.
