Thailand’s SET Index closed at 1,264.80 points, increased 12.25 points or 0.98% with a trading value of THB 51.65 billion. The analyst stated that the Thai market soared in response to greater political clarity, as the House of Representatives approved Anutin Charnvirakul as Thailand’s 32nd Prime Minister. This led to speculative buying activities among stocks related to politics.
The analyst expects the Thai market to trade sideways next week, with potential profit-taking and selling pressure in the banking sector due to the XD (ex-dividend) marking.
Thailand’s political scene took a decisive turn as Anutin Charnvirakul, leader of the Bhumjaithai Party, garnered majority support from lawmakers in the House of Representatives, confirming his ascent as the nation’s 32nd Prime Minister.
Britain’s retailers saw stronger-than-anticipated sales in July, buoyed by warm summer weather and the momentum from the women’s European football championship.
U.S. President Donald Trump formalized a trade agreement with Japan by signing an executive order on Thursday, introducing a 15% baseline tariff on most Japanese imports, including automobiles. This accord was the culmination of extended negotiations that began months earlier and concluded with both countries settling final terms over several weeks.
