Thailand’s SET Index closed at 1,288.03 points, increased 9.98 points or 0.78% with a trading value of THB 46.75 billion. The analyst stated that the Thai market surged from both domestic and overseas supporting factors.
Domestically, the market priced in the government’s economic stimulus measures and the new cabinet.
Meanwhile, investors expected the Federal Reserve to cut interest rates by 0.25% in next week’s meeting. Tonight, the analyst recommends investors closely monitor the U.S. CPI figure, if the number comes out weaker than expected, the Fed is more likely to cut rates.
The analyst expects the Thai market to extend gain.
Thai consumer sentiment fell for the seventh month in a row in August, reaching its lowest point in 32 months.
Japan’s wholesale inflation climbed in August, propelled by unyielding increases in food costs, according to government data released Thursday. The uptick in the corporate goods price index (CGPI) highlights persistent inflationary forces that could sustain market anticipation of a Bank of Japan (BOJ) rate adjustment in the coming months.
South Korean President Lee Jae-myung announced that he would abandon a contentious proposal to revise the capital gains tax on stock investments, bowing to mounting public criticism and investor backlash.
Mexico announces that it is planning to impose high tariff rates on products from China and other Asian countries, including South Korea and India, while its president, Claudia Sheinbaum, prepares to attend a meeting with delegates from the U.S. and Canada regarding the United States-Mexico-Canada Agreement (USMCA).
Charlie Kirk, a prominent conservative activist known for mobilizing young Republican voters and maintaining close ties with President Donald Trump, was fatally shot on Wednesday while attending an event at a Utah college—an attack Utah’s governor decried as a politically motivated assassination executed from an elevated position.
