Thailand’s SET Index closed at 1,591.72 points, decreased 0.69 points or 0.04%, with a trading value of THB 91.84 billion. The analyst stated that the Thai market opened higher before paring gains later from profit-taking pressures. While this reflects positive sentiment, it also echoes investors’ cautious stance as the index rapidly surged.
Meanwhile, there was a rotation toward the tourism, transportation, and construction materials sectors due to declining energy costs.
For tomorrow, the analyst expects the Thai market to move with volatility, recommending investors closely monitor the Federal Reserve meeting and the progress on the U.S.-Iran peace treaty signing.
The United States and Iran have jointly announced a preliminary agreement aimed at ending their military conflict, lifting the American blockade on Iranian ports, and resuming operations in the Strait of Hormuz. This initial understanding prompted a decline in oil prices while leaving the issue of Iran’s nuclear activities for future discussions.
U.S. President Donald Trump has told France to eliminate its digital services tax or risk facing significant tariffs on French wines and champagne.
Trump’s message, delivered directly to outgoing French President Emmanuel Macron, stated that the American market could impose 100% duties on these imports, which currently represent around 20% of France’s wine sales worldwide and are valued at over $2 billion annually.
