Thailand’s SET Index closed at 1,278.41 points, increased 5.21 points or 0.41%, with a trading value of THB 38.56 billion. The analyst stated that the Thai market traded sideways-up, as investors are expecting tonight’s cabinet meeting to roll out economic stimulus measures. This helped bolster stocks in the “Domestic Play” theme, which lay dormant in previous sessions.
Furthermore, the index was also buoyed by buying forces among telecommunication stocks.
The analyst expects the Thai market to trade sideways within range tomorrow.
Thailand’s exports grew by 5.8% year-on-year in August, falling short of market forecasts. Analysts had expected a 9.5% increase. This latest figure also marks a slowdown from the 11% expansion seen in July.
Japan’s manufacturing sector contracted at its sharpest pace in six months during September, signaling sustained challenges for the export-dependent economy.
The S&P Global flash Japan Manufacturing Purchasing Managers’ Index (PMI) fell to 48.4 in September, down from 49.7 in August, staying further under the crucial 50.0 mark that separates growth from contraction and hitting its lowest level since March.
The International Monetary Fund (IMF) has urged South Korea to maintain its accommodative fiscal and monetary policy stance in order to bolster economic recovery, while emphasizing that structural reforms will be critical to improve long-term growth prospects.
Australian consumer prices rose at their fastest annual pace in a year. The Consumer Price Index (CPI) increased 3.0% year-on-year in August, up from July’s 2.8% and slightly above median forecasts of 2.9%.
