Thai Market Shows Gains Amid Global Tariff Concerns

Thai stock market gains are challenged by global tariff anxieties. The SET index rose 0.46%, but a negative trend is predicted for the coming days as technology stocks face pressure from U.S. developments.

Date: 27-03-2025

AI Rating: 5

Context of Market Activity
The Thai stock market demonstrated a modest increase on Wednesday, with the SET index climbing 0.46%. However, upcoming pressures from global tariff concerns—particularly affecting technology businesses—pose potential risks for future performance.

Impact of U.S. Markets
The negative lead from Wall Street influences the expectation for Thai stocks, indicating potential declines ahead. Specifically, the NASDAQ faced significant losses, zooming in on the turbulence around significant technology sector stocks

Sector Performance
The SET’s rise was fueled by some sectors, including finance and property, but curbed by declines in the food, consumer, and industrial sectors. This mix may reflect investors' cautious sentiments, considering the current economic climate.

Tariff Influences
The anticipated announcement by President Trump regarding new tariffs on auto imports underscores uncertainties in the market. Such policy shifts are likely to reverberate globally, causing pressure on stocks within affected sectors.

Commodity Insights
Oil prices increased due to supply concerns, with West Texas Intermediate Crude closing higher, which may benefit related sectors. However, overall market sentiment remains fragile owing to tariff discussions.

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