Thailand’s SET Index closed at 1,293.61 points, increased 5.32 points or 0.41%, with a trading value of THB 35.65 billion. The analyst stated that the Thai market surged following the prospect of Federal Reserve rate cuts, after employment data from the private sector continued to slow down. This caused the fund inflow in Asian markets.
For next week, the analyst expects the Thai market to extend gains due to supporting factors such as China’s Golden Week, the Half-Half co-payment scheme, and the prospect of Monetary Policy Committee rate cuts.
The Bank of Japan’s (BOJ) Governor Kazuo Ueda said that inflation in Japan is advancing steadily toward the bank’s 2% target, but warned that global uncertainties could curtail wage growth and complicate the timing of a potential interest rate hike.
Berkshire Hathaway’s recent $9.7 billion acquisition of Occidental Petroleum’s chemical subsidiary, OxyChem, has sent positive ripples through the global petrochemical industry. The Oracle of Omaha’s strategic move underscores renewed confidence in the sector’s long-term relevance—news that bodes well for listed companies globally and within Thailand’s robust energy and petrochemical space.
A fire erupted at Chevron’s El Segundo oil refinery in Los Angeles County. Authorities have not yet confirmed the cause of the blaze as the source remains under investigation.
