Thailand’s SET Index closed at 1,244.79 points, decreased 3.34 points or 0.27% with a trading value of THB 49.18 billion. The analyst stated that the Thai market traded relatively flat as investors are monitoring Thailand’s political situation, as well as MSCI Rebalancing next week.
While stocks in the petrochemical sector may have risen in today’s trading, a fierce selloff in THAI and banking stocks weighed the Thai market.
The analyst expects the Thai market to trade sideways tomorrow, as investors pay close attention to the Federal Reserve’s Jackson Hole Economic Symposium on Friday night.
The U.S. President Donald Trump is moving to halt approvals for wind and solar power projects, a decision delivered amid rising electricity demand in several regions of the United States.
The announcement comes as the Trump administration recently overhauled federal permitting for renewable projects, consolidating the approval process under Interior Secretary Doug Burgum.
Microsoft has curtailed certain Chinese companies’ access to its early cybersecurity risk alerts after allegations surfaced that Beijing was connected to a major hacking campaign targeting the tech giant’s SharePoint servers.
