Thailand’s SET Index closed at 1,479.13 points, increased 23.03 points or 1.58%, with a trading value of THB 47.22 billion. The analyst stated that the Thai market sharply surged due to key supporting factors from DELTA, which led the rally in the electronic components sector, along with the U.S. tech stocks’ trend, and buying forces in big-cap stocks.
Meanwhile, the investment climate has calmed down after Iran sent a new peace proposal to the U.S.
For tomorrow, the analyst expects the Thai market to slow down gains as investors await the results of central banks’ meetings.
Iran has presented a new proposal to the United States through Pakistani intermediaries aimed at reopening the Strait of Hormuz and bringing the ongoing hostilities to an end. The initiative postpones negotiations on Iran’s nuclear program for a later date.
Senator Thom Tillis announced he is lifting his hold on President Donald Trump’s nominee for Federal Reserve chair, Kevin Warsh, after the Justice Department ended its investigation into current chair Jerome Powell. This decision clears the path for Warsh’s expected confirmation by the Senate.
