SET index poised to fall to 1,250 points as US hikes tariffs

Quick Summary:

Stock market analysts and asset management executives now anticipate that the Thai index could fall to 1,250 points or lower in the short term after US President Donald Trump's decision to hike tariffs on imports from Canada, Mexico and China raised fears over a widening trade war and rising inflation.

The clear statement from President Trump clearly indicated that he not only targets China but also the rest of Asia, the Americas and also Europe as he wants the US to be a leader in these markets, he added.

Tisco has so far projected that the SET index could hit the 1,500-1,530-point range by the end of this year, up around 10% from that of 2024, given the ongoing trend of interest rate cuts globally.

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Article Details

Category: EconomyBusiness

Markets: ThailandCanadaChinaJapanMexico

Topics: Year Market Stock Supongvorn Trade Tariff Goods Index Tisco Points China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 05:41:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25852043

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