Thailand’s SET Index closed at 1,288.29 points, increased 13.26 points or 1.04%, with a trading value of THB 35.28 billion. The analyst stated that the Thai market traded sideways-up following gains among electronic stocks, particularly DELTA which performed remarkably. This rally mirrored positive trends seen in U.S. tech stocks.
The prospect of economic stimulus measures has become a supporting factor for retail stocks, while the hope of the new Bank of Thailand governor cutting policy rates has also fueled market optimism.
The analyst expects the Thai market to trade relatively flat in the short-term tomorrow.
Taiwan is actively considering the formation of a high-tech strategic partnership with the United States.
Washington, in turn, is pressing for greater Taiwanese investment, notably as Taiwan’s strong technology sector—including contract chipmaking leader TSMC—contributes to a wide trade surplus with the U.S.
Fitch Ratings confirmed Wednesday that the U.S. government shutdown poses no immediate risk to the current ‘AA+’/Stable sovereign rating. However, the agency underscored that the ongoing fiscal impasse highlights entrenched challenges and political brinkmanship in U.S. budget policymaking.
Elon Musk has achieved an unprecedented milestone, becoming the first individual to reach a net worth of $500 billion, as Tesla’s share price recovery and rising valuations of his other ventures deliver a boost to his wealth.
