Thailand’s SET Index closed at 1,307.07 points, decreased 7.32 points or 0.56%, with a trading value of THB 42.71 billion. The analyst stated that the Thai market exhibited a downward movement along with the foreign markets trend due to geopolitical concerns, which caused fund outflows from risky assets. Additionally, selling pressures also emerged in DELTA and other big-cap stocks such as ADVANC and SCB.
The analyst expects the Thai market to trade sideways tomorrow.
Myanmar’s military-aligned Union Solidarity and Development Party (USDP) has secured most seats in tightly controlled national elections. The outcome follows a staggered voting process criticized by international observers as a continuation of military dominance in government.
India is preparing to lower its import tariffs on European Union-manufactured cars to 40% from current levels as high as 110%. The tariff reduction is part of negotiations on a potential free trade agreement between New Delhi and the EU that could be finalized soon, offering global automakers enhanced access to one of the world’s largest car markets.
Senate Democrats have indicated their intentions that they will oppose a federal funding package supporting the Department of Homeland Security (DHS) following the fatal shooting of Alex Pretti by a federal agent in Minneapolis on Saturday. The move places the government at risk of a partial shutdown as Friday’s funding deadline approaches.
