Thailand’s SET Index closed at 1,570.61 points, decreasing by 14.02 points or 0.88%, with a trading value of THB 63.64 billion. The analyst stated that the Thai stock market declined as rising U.S. bond yields pressured global risk assets. Additionally, a more than 4% increase in crude prices amid Middle East tensions also contributed to the risk-off environment.
Domestically, the tourism sector was pressured by the government’s plan to tax outbound travelers.
For tomorrow, the analyst expects the Thai market to subside due to lack of short-term positive catalysts.
Thailand expects to conclude its Agreement on Reciprocal Trade with the United States during President Donald Trump’s next Asian visit, Prime Minister Anutin Charnvirakul said. Meanwhile, negotiators are working on the remaining clause.
A Thai government committee has resolved to renegotiate or cancel power purchase agreements (PPAs) that have not yet been signed with private producers, in an effort to bring down electricity tariffs. Where signing is unavoidable, the purchase rate will be reset to the levels set by the National Energy Policy Council (NEPC) on July 15, 2026: 2.1579 baht per unit for solar power and 2.9015 baht per unit for wind power, or a rate more favorable to electricity consumers.
Federal Reserve policymakers anticipate another interest-rate increase before 2026 ends, although they left the timing for the move open. Market pricing favors an October hold followed by a December increase, as investors weigh persistent inflation against weaker hiring.
