RECAP: Asian equity prices fell yesterday as world markets faced a perfect storm of $100 oil prices, resurgent Middle East fighting and worries about the AI investment boom.Thai equities staged a slight pullback on Friday as foreign inflows and strong performances in energy-related stocks offset negative sentiment from Mideast stress.
The SET index moved in a range of 1,622.59 and 1,657.55 points this week, before closing yesterday at 1,644.39, up 0.3% from the previous week, with heavy daily turnover averaging 93.98 billion baht.
Retail investors were net buyers of 4.51 billion baht, followed by foreign investors at 3.15 billion and brokerage firms at 1.29 billion. Institutional investors were net sellers of 8.96 billion.
NEWSMAKERS: The United States has announced new tariffs on 60 trading partners for not doing enough to combat the use of forced labour, with Thailand assigned a 12.5% rate, replacing a 10% global duty rolled out earlier this year.
President Donald Trump said generic drugs imported into the US would face zero tariffs for two years starting Aug 1, before a 100% levy takes effect in 2028 and rises to 200% a year later, with an aim of accelerating "reshoring" of pharmaceutical manufacturing.
