Thailand’s SET Index closed at 1,594.79 points, increased 6.73 points or 0.42%, with a trading value of THB 89.75 billion. The analyst stated that the Thai market surged in contrast to other Asian markets due to buying forces in big-cap stocks, with GULF and DELTA receiving positive sentiment from data centers and AI investment trends.
However, the market later pared gains in the afternoon session from profit-taking actions and the lingering Middle-East uncertainties.
For tomorrow, the analyst expects the Thai market to consolidate.
The Indonesian rupiah plummeted to an unprecedented low against the US dollar, crossing the significant 18,000 threshold. This decline marks a total depreciation of over 7% for the year, cementing its status as the weakest-performing currency in the region.
India is considering abolishing the capital gains tax imposed on foreign portfolio investors holding government bonds. The potential policy shift comes as authorities seek to increase foreign investment in domestic bonds in response to sustained weakness in the rupee and significant outflows from equity markets.
The U.S. House of Representatives, led by the Republican majority, approved a resolution on Wednesday seeking to halt President Donald Trump from continuing military operations against Iran. The decision followed growing concerns among some Republicans over the administration’s management of the conflict, now entering its fourth month.
