Thailand’s SET Index closed at 1,252.55 points, decreased 6.76 points or 0.54% with a trading value of THB 44.81 billion. The analyst stated that the Thai market contracted due to selloffs in major stocks, as previously the market was buoyed by the prospect of political clarity, which the market has already priced in. As such, investors are selling their shares for profit.
Furthermore, the Thai market price-to-earnings ratio has increased.
The analyst expects the Thai market to trade sideways within range tomorrow, and recommends investors closely monitor the Prime Minister selection.
Sorawong Thienthong, Member of Parliament for Sa Kaeo and Secretary-General of the Pheu Thai Party, affirmed that the acting Prime Minister, or any individual performing the duties of the Prime Minister, possesses full authority to submit a royal recommendation to dissolve the House of Representatives. This step, he clarified, lies within the powers of the executive branch.
Thailand’s consumer price index (CPI) extended its decline in August, the fifth consecutive month in the negative territory, highlighting persistent disinflationary pressures that are keeping headline inflation well below the central bank’s target range.
In the coming September 22, India’s several ranges of goods will have their tax reduced, while the nation’s Goods and Services Tax (GST) will be restructured to increase domestic demand as the economy faces challenges from the U.S. tariff.
U.S. President Donald Trump has urgently petitioned the Supreme Court to rule on an appeal challenging lower court judgments that deemed the majority of his tariff measures unlawful.
