Thailand’s SET Index closed at 1,276.57 points, increased 19.88 points or 1.58%, with a trading value of THB 36.42 billion. The analyst stated that the Thai market rose sharply, partly attributed to the easing of the flood situation in the southern region as the government accelerates recovery measures. This helped bolster the economy and investment atmosphere, while the strengthening of the Thai baht attracted foreign inflows, notably into big-cap stocks.
For tomorrow, the analyst expects the Thai market to trade sideways.
China’s manufacturing sector posted an unexpected contraction in November, as subdued domestic demand continued to weigh on its economic recovery.
The RatingDog General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 49.9 last month, undershooting analysts’ expectations of 50.5 in a Reuters poll and slipping below the key 50-point threshold that indicates expansion.
South Korea’s export sector showed continued resilience in November, supported by strong global demand for semiconductors and automobiles.
Export shipments, adjusted for working-day differences, advanced 13.3% year-on-year, following a 14% gain in October. Headline exports rose 8.4% after a revised 3.5% uptick in the previous month, while imports increased by 1.2%, resulting in a trade surplus of $9.7 billion.
Manufacturing activity in the euro zone returned to contraction in November due to weakening demand, prompting firms to reduce staffing levels at the fastest pace in seven months.
The HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI) from S&P Global dropped to 49.6, down from October’s neutral reading of 50.0 and hitting a five-month low, coming in slightly below the preliminary estimate of 49.7.
