Thailand’s SET Index closed at 1,516.91 points, increased 26.81 points or 1.80%, with a trading value of THB 82.02 billion. The analyst stated that the Thai market rebounded due to buying forces in DELTA, which led the rally in the electronics sector, along with the global markets’ trend. Upward sentiment was also seen among the construction and the industrial estate sectors.
The analyst raises the SET Index target for May to 1,555 points, while setting a resistance level at 1,525 points, and a support level at 1,500 points for tomorrow’s session.
The number of foreign tourists visiting Thailand in the 18th week of 2026 (April 27 – May 3) reached 601,610, averaging 85,900 visitors per day. This marked a 12% increase week-on-week, fueled by consecutive holidays, including International Labor Day breaks in several countries.
Thailand’s Consumer Price Index (CPI) for April 2026 stood at 103.03, reflecting a headline inflation rate of 2.89%, an increase compared to the same period last year. This rise was primarily attributed to a significant increase in domestic fuel prices, driven by ongoing conflicts in the Middle East and the continued closure of the Strait of Hormuz.
President Donald Trump announced a temporary halt to “Project Freedom,” the U.S. initiative to escort commercial ships through the Strait of Hormuz, following indications of significant movement toward a potential agreement with Iran.
Axios reported that U.S. officials believe a concise memorandum of understanding with Iran is within reach. The draft would lay a foundation for broader nuclear discussions aimed at bringing an end to the ongoing war.
