Thailand’s SET Index closed at 1,259.42 points, decreased 7.25 points or 0.57% with a trading value of THB 48.32 billion. The analyst stated that the Thai market contracted amid emerging pressure on fund outflows after the Thai baht returned to depreciation, and the U.S. higher-than-expected PPI, which is anticipated to affect the Federal Reserve (Fed) rate-cutting decision.
Meanwhile, the rising valuation among Thai stocks also played a part in the decline, with the market lacking supporting factors after having fully absorbed all of the previous catalysts.
For next week, the analyst recommends investors closely monitor Thailand’s GDP and the Fed’s Jackson Hole Economic Symposium.
Japan’s economy posted stronger-than-anticipated growth in the second quarter, expanding by an annualized rate of 1.0%. This outcome surpassed analysts’ projections of a 0.4% increase in Reuters poll.
China’s July economic data painted a grim picture for policymakers, with industrial and consumer activity slowing to their weakest pace in months.
Industrial production expanded just 5.7% year-on-year last month, marking the weakest growth since November 2024 and falling short of estimates from economists surveyed by Reuters.
China’s residential property market suffered a steeper downturn in July as new-home prices registered their sharpest fall in nine months. Official data reveal the limited impact of recent stimulus policies and amplify calls for more decisive government action.
