Market Roundup 31 October 2023

Thailand’s SET Index closed at 1,381.83 points, decreased 14.02 points or 1.00% with a trading value of 37.5 billion baht. The analyst stated that the Thai stock market edged lower in the same direction as regional markets after a lower-than-expected China’s PMI for October earlier in the day and a decline in oil price that pressured the energy sector in SET Index. There was also a selloff in banking stocks and TRUE that plunged the market further.


In the two-day meeting on Tuesday and Wednesday, the Bank of Japan allowed more flexibility in its yield cap, saying that the target level of the 10-year Japanese government bond (JGB) yield will be held at 0%, but will allow the upper bound of 1% “as a reference.”

However, BoJ still maintained its short-term interest rate target at -0.1% and maintained 10-year JGB yield target around 0%.

Meanwhile, Japan’s industrial output rose 0.2% in September from a month earlier, which was a significant drop from the anticipated gain of 3.7%.


The European Union statistics agency published its 2.9% inflation, the 2-year low in October and lower than 4.9% in the previous month, while its core inflation fell to 4.2% from 4.5% in September.

Meanwhile, the Eurostat also revealed the EU’s Q3 GDP at -0.1%, which is the same as Germany’s GDP. This could possibly make the EU miss this year’s target at 0.7% growth, 2024 at 1% and 2025 at 1.5%.