Thailand’s SET Index closed at 1,266.11 points, increased 1.31 points or 0.10% with a trading value of THB 54.54 billion. The analyst stated that the Thai market surged in the opening hours before contracting. The Thai market today saw fund inflows toward retail stocks in anticipation of economic stimulus measures, especially the Half-Half co-payment program. However, the market later experienced a selloff in major stocks, particularly the electronic parts and exports stocks affected by the stronger baht.
The analyst expects the Thai market to trade sideways tomorrow, and recommends investors closely monitor U.S. inflation and the announcement of Thailand’s new cabinet.
Thailand’s Ministry of Finance is fully prepared to immediately relaunch the Half-Half co-payment scheme, as proposed by the Bhumjaithai Party-led government as an urgent measure to stimulate the economy. With all systems, budget allocations, and appropriateness with current economic conditions in place, the Ministry only awaits clear policy directives before proceeding.
Japan’s main stock markets surged on Monday after Prime Minister Shigeru Ishiba stepped down amid escalating political pressure, triggering speculation over the next leader and the country’s policy direction.
Japan also recorded a stronger-than-expected economic growth in the second quarter, with revised data showing an annualized 2.2% expansion—more than double the initial reading—thanks to improved figures in consumer spending and inventory accumulation.
China’s exports to the United States saw a sharp decline of 33% in August, as escalating U.S. measures against transshipments and the diminishing effects of earlier frontloading weighed down trade flows. Imports from Washington also posted a drop of 16% year-on-year.
