Thailand’s SET Index closed at 1,244.48 points, increased 7.87 points or 0.64% with a trading value of THB 35.69 billion. The analyst stated that the Thai market rebounded from last Friday’s plunge, where Prime Minister Paetongtarn Shinawatra and the entire cabinet were dismissed.
The Thai market today bounced back from anticipation of the formation of a new government.
The analyst expects the Thai market to trade narrowly sideways tomorrow, recommending investors closely monitor the parliament’s schedule for the selection of a new prime minister. For overseas, the analyst recommends monitoring the U.S. economic figures and the Russia-Ukraine peace talks.
Deputy Prime Minister and Minister of Finance, Pichai Chunhavajira, addressed reporters on Thailand’s current political vacuum, reassuring the public that the situation will not disrupt the drafting or approval of the FY2026 Budget Bill, which totals THB 3.78 trillion.
Chinese President Xi Jinping called on member states of the Shanghai Cooperation Organisation (SCO) to harness the advantages of their vast combined market, while outlining his vision for a new global security and economic framework that stands in contrast to U.S. leadership.
China’s manufacturing sector saw an unexpected rebound in August, bolstered by higher volumes of new orders and a notable rebound in export activity. The latest data from the RatingDog manufacturing purchasing managers’ index showed a reading of 50.5, comfortably exceeding economists’ expectations of 49.7 and marking the sharpest pace of growth since March.
Roughly 500 people have lost their lives and another 1,000 have been injured following a significant 6.0 magnitude earthquake that shook eastern Afghanistan on Monday.
