Thailand’s SET Index closed at 1,331.07 points, decreased 7.83 points or 0.58%, with a trading value of THB 51.75 billion. The analyst stated that the Thai market tumbled today due to selling pressures in big-cap stocks, particularly the banking sector, as well as the prospect of profit-taking actions after the SET Index had sharply surged. Meanwhile, as the Federal Reserve (Fed) showed no signs of further rate easing, it became another negative factor for stock markets.
The analyst expects the Thai market to move sideways tomorrow.
The Bank of Thailand is preparing to discuss with financial institutions to increase lending, especially to the SME sector, as well as to lower some interest rates. This effort aims to allocate financial resources more efficiently and align with real economic conditions.
Philippine gross domestic product expanded 3% year-on-year during the final quarter of 2025, missing economists’ forecasts and slowing from earlier in the year. The weaker performance was attributed to disruptions from infrastructure corruption, adverse weather, and external trade challenges, raising concerns among investors about the country’s growth trajectory.
The Fed opted to leave its benchmark interest rate unchanged, maintaining the target range at 3.5% to 3.75%. The decision comes as central bank officials, led by Chair Jerome Powell, emphasized the ongoing necessity of Fed independence while acknowledging improving economic conditions.
Gold prices climbed to unprecedented levels above $5,500 per ounce on Wednesday evening, spurred by reports of potential U.S. military actions against Iran. Investors increased allocation to safe-haven assets amid mounting geopolitical risks and continued weakness in the dollar.
