The Thai stock market rose more than 1% in the morning session, breaking the resistance level of 1,300 points with a push from electronics stocks in response to the multi-billions-dollars deal between OpenAI and AMD on Monday.
As of 11:13 local time in Bangkok on Tuesday, the SET Index rose 16.40 points or 1.28% to 1,302.04 points, the highest level since mid-September. The boost came after Advanced Micro Devices (AMD), which closed at 23.71% on Monday following the announcement of a multi-billion-dollar partnership with OpenAI to supply AI chip technology for artificial intelligence infrastructure. This news further bolstered confidence in the AI infrastructure sector and led other semiconductor manufacturers’ share prices to rise as well.
Japan’s Nikkei also hit another record high today, boosted by its technology stocks. In an early trading session on Tuesday, Advantest jumped more than 4%, and Tokyo Electron gained 2%. Lasertec added 1.35%, while Renesas Electronics posted a rise of 4.85%.
In response, the share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) rose 2.23% to THB 183.00 per share. KCE Electronics Public Company Limited (SET: KCE) gained 8.70% to THB 25.00.
The share price of HANA Microelectronics Public Company Limited (SET: HANA) increased 5.17% to THB 1.20 per share and Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) inched 1.64% higher to THB 6.20 a piece.
