Thailand’s SET Index closed at 1,602.58 points, decreasing by 8.12 points or 0.50%, with a trading value of THB 68.53 billion. The analyst stated that the Thai stock market trended downward throughout the trading session, pressured by heavy selling in large-cap stocks as investors shifted into a risk-off mode.
Market sentiment was dampened by a sharp rise in oil prices and bond yields, as well as reports that the United States is considering a ban on diesel exports, potentially accelerating inflation. However, these developments are seen as positive for refinery stocks.
Meanwhile, traders are closely monitoring ongoing talks between the U.S. and Chinese leaders, with the outlook for the trading session tomorrow remaining uncertain.
Thailand has approved its first national strategy for the semiconductor and advanced electronics industry, establishing a long-term framework to build an integrated domestic ecosystem spanning chip research and design, front-end manufacturing, conventional and advanced assembly, packaging and testing, and high-value electronics applications.
The United States and China will keep their current trade ceasefire in place for another two months, pushing back a deadline that had been set for Nov. 10, Treasury Secretary Scott Bessent said Wednesday. The extension gives both sides more time to examine whether a broader trade arrangement can be reached.
Chinese President Xi Jinping advocated a cooperative relationship with the U.S. as he landed in Washington for an official visit, according to Xinhua. His arrival statement emphasized stability between the two countries and broader bilateral cooperation, setting out priorities for discussions with President Donald Trump.
