Thailand’s SET Index closed at 1,429.8 points, increased 22.46 points or 1.60%, with a trading value of THB 64.49 billion. The analyst stated that the Thai market surged sharply in the afternoon session after oil prices declined, as there are signs of a quick end to the Middle East conflicts after Iran indicated a possible negotiation.
Domestically, the market was bolstered by the clear timeline for the formation of the new government.
The analyst expects the Thai market to move sideways-up tomorrow.
The Trump Administration has launched a series of trade investigations targeting China, Mexico, the European Union, and several other economies, after the Supreme Court struck down President Donald Trump’s reciprocal tariffs.
The inquiries will proceed under Section 301 of the Trade Act of 1974, granting the U.S. Trade Representative authority to investigate and respond to foreign policies considered unfair or in violation of trade commitments, potentially resulting in retaliatory actions such as imposing tariffs or restrictions.
Iranian President Masoud Pezeshkian has presented a detailed framework for resolving hostilities with the United States and Israel, anchored by demands for reparations and security safeguards. Contrastingly, President Trump points to extensive military operations as a reason the conflict may wind down, yet no formal agreement on halting the fighting has emerged.
South Korean lawmakers have approved legislation paving the way for a new, state-controlled investment corporation to oversee a planned $350 billion investment in the U.S. The move is intended to address trade concerns and ensure the structured deployment of Korean investment in U.S.-based projects.
