Market Roundup 13 February 2024

Thailand’s SET Index closed at 1,391.73 points, increased 2.43 points or 0.17% with a trading value of 32.8 billion baht. The analyst stated that the Thai stock market traded narrowly as investors awaited the announcement of corporate earnings from the listed companies. The investment circumstances in the market were better as the Stock Exchange of Thailand (SET) was close to a conclusion on the new restrictions for short selling and program trading. Investors also expected lower inflation figures from the US and pushed bond yield down, while the deployment of China’s supporting measures for stock markets was on a positive note.

The analyst expected the market to trade higher than 1,400 points.


Japan’s Nikkei jumped more than 1,000 points to a fresh 34-year high on Tuesday morning as trading resumed from a national holiday, supported by tech-related stocks and strong earnings of listed companies.

Nikkei 225 rose as much as 1,033 points to 37,930.10, representing a 2.8% gain in the morning session before edging lower to 37,798.89 by the midday close. This is the highest level since February 1990.

Meanwhile, the broader Topix rose 1.85%.

The tech stocks got another push after ARM Holdings announced that it will join the AI frenzy as well. The share price of SoftBank Group Corp, which owns 90% stake in ARM, jumped 7% on Tuesday.

The index briefly breached 38,000 intraday for the first time since 1990, but settled lower at 37,963.97 points.