Bangkok: Thai stocks closed down 4.85 points today. The Stock Exchange of Thailand ended at 1,062.78 points, marking a decrease of 4.85 points, equivalent to a 0.45% drop. The trading value was recorded at 32,506.99 million baht.

According to Thai News Agency, analysts attributed the downward adjustment in the Thai stock market to escalating tensions in the Middle East, particularly the conflict’s impact following Iran’s decision to close the Strait of Hormuz. These international developments were compounded by ongoing domestic issues that have eroded investor confidence.

The index reached its lowest point today, slightly higher than the levels during Trump’s Liberation Day in April. Despite the overall decline, there was a slight easing in the political situation domestically, as coalition parties showed continued support for advancing the 2016 budget.

Looking ahead, market observers are focusing on the evolving situation between Israel and Iran, the US Consumer Confidence Index, and the outcomes of the upcoming Cabinet-MPC meeting. Resistance is anticipated at 1,070 points, while support is expected at 1,050 points.