Bangkok: Thai stocks ended the trading session with a decrease as the SET index closed at 1,115.65 points, down 7.35 points or 0.65%. The trading value for the day amounted to 29,535.64 million baht.

According to Thai News Agency, analysts observed that the Thai stock market experienced fluctuations in negative territory, influenced by recent news regarding US tax measures. Despite this, the market performed better than anticipated as affected stocks, including those in export, electronics, and industrial estates, began to show signs of recovery in the afternoon. The market sentiment was bolstered by the decision to maintain the tax rate at 36% and extend the deadline to August 1, offering some optimism.

Looking ahead, analysts suggest that investors should monitor trade negotiations, Chinese inflation figures, US economic data, and the House of Representatives meeting, which will assess the government’s stance. The support range is projected at 1,110 points, while resistance is expected at 1,128 points.