Thailand’s SET Index closed at 1,635.29 points, increased 5.08 points or 0.31%, with a trading value of THB 77.41 billion. The analyst stated that the Thai market climbed due to positive momentum from lower-than-expected U.S. inflation, lower bond yields, and a weakening dollar, which bolstered fund inflows for the 10th consecutive day. Buying interest was seen in the banking sector and the recovering laggard group, particularly the real estate and the hospital sectors.
For tomorrow, the analyst expects the Thai market to move in a positive territory.
Official figures show the United Kingdom’s economy experienced a slight uptick in May, following a contraction the previous month. Economic data indicated a 0.1% increase in gross domestic product during the period, with growth primarily attributed to the service sector.
The United States is set to implement a 25% tariff on most Brazilian imports starting July 22, marking the first significant measure under President Donald Trump’s revised tariff strategy. The move follows nearly a year of investigation by the U.S. Trade Representative’s office into Brazil’s trade practices under Section 301 of the U.S. Trade Act, citing alleged unfair actions ranging from digital trade barriers to environmental issues like illegal deforestation.
