SET bounce could be short-lived

US-China trade deal lasts only 90 days

- NAREERAT WIRIYAPONG NUNTAWUN POLKUAMDEE

The upbeat reaction to US-China trade talks over the weekend is lifting the Stock Exchange of Thailand (SET), but analysts warned positive sentiment could be short-lived as pending Thailand-US trade negotiations remain a key concern.

Washington announced on Sunday a 90-day reduction of tariffs on Chinese goods from 145% to 30%, while Beijing is cutting tariffs on US goods from 125% to 10%.

US Treasury Secretary Scott Bessent told the press he plans to meet with Chinese officials again in the coming weeks for talks covering a broader agenda.

"Investors are likely to have more confidence based on the trade deal, as the outcome was better than expected," said Rakpong Chaisuparakul, senior vice-president of KGI Securities (Thailand).