Thailand’s SET Index closed at 1,253.39 points, increased 8.60 points or 0.69% with a trading value of THB 37.99 billion. The analyst stated that the Thai market surged as the ThaiCriminal Court has dismissed the lese majeste charges against former Prime Minister Thaksin Shinawatra, easing concerns on the nation’s political situation.
Furthermore, the Thai market was also buoyed by electronics and THAI stocks, while investors are monitoring the Federal Reserve’s Jackson Hole Economic Symposium tonight for the direction of rate cuts.
For next week, the analyst expects the Thai market to trade with volatility during the trial of Prime Minister Paetongtarn Shinawatra’s audio clip case.
Thailand’s judiciary on Friday dismissed charges against former Prime Minister Thaksin Shinawatra, who had been accused of breaching the nation’s stringent lese majeste laws. This ruling marks a critical victory for the influential political leader.
In a significant development, Russian President Vladimir Putin has laid out terms for a peace agreement over the ongoing conflict in Ukraine during a summit with Donald Trump in Alaska.
Putin’s demands include Ukraine relinquishing control of the entire eastern Donbas region, abandoning its ambitions to join NATO, and maintaining a neutral stance devoid of Western military presence.
The U.S. Treasury Department has announced that the nation will impose sanctions on thirteen entities and eight vessels from Hong Kong, China, the United Arab Emirates, the Marshall Islands, and others countries for their involvement with Iran.
