Thai Equities Stabilize Amid Geopolitical Tension and Fed Anticipation

The Stock Exchange of Thailand (SET) snapped a three-day losing streak on Monday, rallying 1.58% to close at 1,479.13. The index traded between 1,463.00 and 1,484.13, recovering a significant portion of the 25-point decline seen over the previous three sessions. Market activity was driven by broad gains across the finance, industrial, property, resource, and technology sectors. Trading volume reached 8.005 billion shares, valued at 47.219 billion baht, though the market remains cautious as it approaches the 1,480-point resistance level. Global sentiment remains fragmented. Wall Street ended Monday with mixed results, as the Dow Jones Industrial Average fell 0.13% to 49,167.79, while the NASDAQ and S&P 500 posted modest gains of 0.20% and 0.12%, respectively. This hesitation reflects broader uncertainty following the collapse of U.S.-Iran peace negotiations over the weekend. The geopolitical friction triggered a surge in energy prices, with West Texas Intermediate (WTI) crude for June delivery climbing 2.46% to $96.72 per barrel. Additionally, market participants are focusing on Wednesday's Federal Reserve meeting; while rates are expected to remain steady, the accompanying policy statement is viewed as a critical signal for future monetary direction. Analysts expect the SET to trade within a narrow range on Tuesday, mirroring the trend seen across Asian markets as they balance domestic recovery against global volatility.