Bangkok: Thai stocks closed this morning down 3.37 points. The Stock Exchange of Thailand closed this morning at 1,150.40 points, down 3.37 points (-0.29%), with a trading value of approximately 23,287 million baht.
According to Thai News Agency, analysts revealed that the Thai stock market adjusted down in response to disappointment with the US's change in stance not to accelerate negotiations with China, resulting in profit-taking. Additionally, falling oil prices pressured energy stocks, and the growth in tourist numbers was less than expected. Although there was speculation in electronic parts stocks after exports skyrocketed, it was seen as only a short-term factor because it came from the acceleration of imports before the US raised tariffs.
The trend in the afternoon is expected to be sluggish, with support at 1,140 points and resistance at 1,160 points.