Thailand’s SET Index closed at 1,489.29 points, decreased 11.07 points or 0.74%, with a trading value of THB 61.48 billion. The analyst stated that the Thai market declined due to the protracted tension in the Middle East, after the U.S. rejected Iran’s peace proposal. This caused the oil prices to rise and pressured risk assets, which led to selling pressures among big-cap stocks, while oil-linked stocks extended gains.
Furthermore, there were also pressures from portfolio adjustments ahead of the revision of the MSCI index this mid-week.
For tomorrow, the analyst expects the Thai market to move sideways with volatility.
Former Prime Minister Thaksin Shinawatra has been released from Klong Prem Central Prison, after the Department of Corrections approved parole for the former Prime Minister under the condition of wearing an electronic monitoring device (EM) until the end of his sentence.
President Donald Trump has officially rejected Iran’s 10-point peace proposal, calling the terms “totally unacceptable” and dashing hopes for an immediate end to the 10-week-old conflict. Key demands in the 10-point document included the immediate lifting of the U.S. naval blockade, an end to sanctions, and compensation for war damages.
