- The Thai stock market continued to fluctuate before plunging at the end of the week.
The SET Index dropped sharply early in the week, in line with other regional markets, amid concerns over the impact of the US-China trade war. As China recently imposed stricter controls on rare earth exports, while the US announced additional tariffs on Chinese imports. The said negative factor triggered heavy selling across various sectors, while the energy sector faced extra pressure from falling global oil prices.
However, the SET Index later rebounded, supported by news reports on the first economic Cabinet meeting, which raised hopes for domestic stimulus measures. The market also gained further support from expectations of a Fed Funds rate cut. These positive factors spurred buying in several sectors, especially technology and banking, with speculative buying ahead of Q3-2025 performance announcements. Nevertheless, the SET Index reversed and plunged again at the end of the week as investors renewed concerns over US-China trade tensions and the prolonged US government shutdown.
- On Friday, October 17, 2025, the SET closed at 1,274.61 points, down 0.96% over-week. The average daily trading value was THB39,738.04 million, up 6.67% over-week. The mai closed at 233.02 points, down 3.87% over-week.
- October 20-24, 2025, KSecurities expects the SET to have support at 1,265 and 1,230 points, but resistance at 1,300 and 1,315 points, respectively. KResearch advises investors to watch key factors, including performance results for 3Q-2025 of Thai listed companies, particularly those in the banking sector, development in the US government shutdown and foreign capital flows. Other important overseas economic indicators to monitor include Japan’s September CPI, October Manufacturing and Services PMI (Flash) of Japan, Eurozone, UK and US, plus China’s 3Q-2025 GDP report, October LPR and September economic data such as Retail Sales, Industrial Production and Fixed Asset Investment.
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