Thai stocks were volatile today, amid disappointment over Trump's statement that he would end the war but was ready to launch a heavy attack on Iran.
Thai stocks are expected to fluctuate within a range of 1,455-1,480 points today, April 2nd, according to analysts. Disappointment over Trump's statement about ending the war, coupled with his continued threat of heavy attacks on Iran if it does not open the Strait of Hormuz, has reignited market concerns about the situation in the Middle East.
Date 2 Apr 2569 Yuanta Securities (Thailand) The market viewed US President Donald Trump's statement neutrally, as there was nothing new, but it was slightly disappointed that there was no clear timeline for when it would officially end. There was also no new information that the market had anticipated.
Ms. Waraporn Wiboonkanarak, Assistant Managing Director, Research Department, Krung Thai Xspring Securities. It was stated that the Thai stock market is expected to fluctuate today, after the US President's speech this morning (Thai time) confirmed his desire to end the war as quickly as possible, but warned of a heavy attack on Iran in the next 2-3 weeks if the Strait of Hormuz is not opened. This has caused market uncertainty about whether the situation will end quickly.
These factors caused Asian stock markets to reverse course and fall this morning, while oil prices rebounded, reflecting concerns about the prolonged and uncertain conflict in the Middle East.
resistance 1,480 points, support 1,460 points
Kasikorn Securities Thai stocks are expected to fluctuate between 1,455 and 1,480 points today, driven by hopes of a decrease in tensions in the Middle East. The strategy should focus on defensive buying of stocks in lower zones that are expected to benefit from the easing of conflict.
Asia Plus Securities Assessing the investment market direction, the protracted conflict between the United States and Iran, now in its fifth week, has once again created significant volatility. This follows President Donald Trump's aggressive prime-time statement from the White House, where he threatened a severe attack on Iran in the next two to three weeks if no agreement is reached, and also threatened to destroy all power plants and revert Iran to the Stone Age.
This stance shattered earlier hopes of ending the war, triggering a sell-off in global stock markets and pushing WTI crude oil prices rapidly above $102 per barrel.
Thailand warned to brace for impact.
Asia Plus Securities It is estimated that this is already clearly reflected in inflation figures. The more than 41% surge in Brent crude oil prices in March has directly impacted domestic diesel prices, causing them to rise sharply by 14 baht, from 29.94 baht/liter to 44.24 baht/liter. This crisis poses a significant challenge, as Thailand relies heavily on energy imports from the Middle East (52%) and has a trade deficit in the energy sector of -7.8% of GDP. Combined with the government's fiscal constraints due to the high public debt ratio of 66%, it becomes increasingly difficult to provide subsidies to stabilize fuel prices.
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