Thailand’s SET Index closed at 1,293.62 points, increased 5.59 points or 0.43% with a trading value of THB 38.57 billion. The analyst stated that the Thai market extended gain to day, but at a weaker pace than its regional peer as the market has largely priced in all of the supporting factors.
Furthermore, investors are monitoring Thailand’s export figures, which are expected to decline from U.S. tariffs effect, and could weigh down the investment climate. As such, the Thai market begins to see profit taking action in some sectors, while the middle-size market sees speculative action.
The analyst expects the Thai market to trade sideways within range, recommending investors closely monitor the Federal Reserve’s meeting, which is expected to cut interest rates.
The Bangkok Metropolitan Council has approved that the Bangkok Metropolitan Administration (BMA) should pay its outstanding debts to Bangkok Mass Transit System Public Company Limited (BTSC), a BTS subsidiary. These debts pertain to operation and maintenance (O&M) fees for the Green Line extensions 1 and 2, with a total outstanding sum, including interest, of THB 32 billion.
Britain’s economic recovery appeared to run out of steam in July, with official figures showing zero monthly growth as a sharp pullback in factory output offset modest gains in the services sector.
Four of five judges of Brazil’s supreme court voted to convict its former president, Jair Bolsonaro, for plotting a coup and several crimes relating to it. However, the U.S. found the decision to be “unjustly ruled” and promised to “respond accordingly.”
U.S. inflation inched higher last month, intensifying the debate around future monetary policy as economists and investors assess the economic impact of ongoing trade tensions and tariffs.
