Thailand’s SET Index closed at 1,306.69 points, decreased 1.50 points or 0.11%, with a trading value of THB 48.09 billion. The analyst stated that the Thai market traded narrowly sideways, as investors awaited tonight’s Federal Reserve meeting and the royal endorsement of the new cabinet.
For tomorrow, the analyst recommends investors closely monitor the Dot Plot on the Fed rate policy direction, as well as the Fed Chair Jerome Powell’s speech, while also cautioning potential “Sell on Fact” activities.
International tourist numbers in Thailand reached 565,319 for the week of September 8–14, averaging 80,800 arrivals per day. This reflects an 11% increase week-on-week, but an 11% decrease year-on-year, marking the 32nd straight week of annual decline. The fall in visitors also accelerated compared to the prior week.
Hong Kong Chief Executive, John Lee, announced new initiatives aimed at revitalising the city’s economy, improving residents’ quality of life, and solidifying its position as a leading global financial hub in his fourth annual policy address.
Indonesia’s central bank unexpectedly lowered its key interest rate for the sixth time since September last year, as policymakers ramp up efforts to stimulate economic expansion.
The United Kingdom’s annual inflation rate remained unchanged at 3.8% in August, in line with economist expectations.
Core inflation, which excludes the more volatile components such as energy, food, alcohol, and tobacco, rose by 3.6% year-on-year in August, decelerating from July’s 3.8%. This follows July’s higher-than-anticipated headline inflation of 3.8%.
