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SET bounce could be short-lived
Bangkok Post
|May 14, 2025
US-China trade deal lasts only 90 days
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).
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