Thailand’s SET Index closed at 1,540.90 points, decreased 33.23 points or 2.11%, with a trading value of THB 114.17 billion. The analyst stated that the Thai market plunged along with the global markets’ trend due to negative sentiment from tech selloffs—especially DELTA, as well as selling pressure from major banking stocks that had previously surged.
Additionally, the weakening baht may also cause foreign fund outflows.
For tomorrow, the analyst expects the Thai market to rebound after having sharply declined.
The United States has lifted longstanding sanctions on Iranian oil sales following recent negotiations with Tehran aimed at reaching a final peace agreement. The Treasury Department issued a temporary general license on Monday, allowing transactions involving crude, refined, and petrochemical products of Iranian origin through August 21.
