Thailand’s SET Index closed at 1,594.30 points, decreasing by 8.07 points or 0.50%, with a trading value of THB 79.09 billion. The analyst stated that the Thai stock market traded sideways-down after facing selling pressure from the banking sector due to limited upside.
Record-high bond yields following the oil rally have raised concerns over Federal Reserve rate hikes, adding pressure to Thai equities. Meanwhile, strong buying interest in the electronics sector has softened the retreat.
For tomorrow, the analyst expects the Thai benchmark to maintain the downward momentum along with the global trend, recommending investors closely monitor the U.S. PCE figures.
Iran has denied accepting a pause in uranium enrichment in return for relief from U.S. sanctions. The denial contradicts an account by Saudi broadcaster Al Hadath that mediators had secured such an arrangement.
Previously, Al Hadath reported that Iran had agreed to halt enrichment in exchange for reduced sanctions.
