Thailand’s SET Index closed at 1,291.46 points, increased 4.77 points or 0.37%, with a trading value of THB 33.20 billion. The analyst stated that the Thai market moved relatively flat after having surged yesterday due to lack of supporting factors. Investors have engaged in speculative buying in anticipation of the earnings reports, while DELTA surged due to positive sentiment from TSMC better-than-expected performance.
The analyst expects the Thai market to move relatively flat tomorrow as investors are waiting for financial statements.
World’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) posted robust third-quarter results, buoyed by surging demand for artificial intelligence chips—a trend that propelled the chipmaker to its highest-ever quarterly profit.
For the quarter ending in September, TSMC reported a 39.1% year-on-year jump in net profit, reaching NT$452.3 billion, well above analyst projections compiled by LSEG, which anticipated NT$417.69 billion. Revenue climbed 30.3% over the same period last year, totaling NT$989.92 billion, likewise surpassing expectations of NT$977.46 billion.
The United Kingdom has intensified its sanctions on Russia, imposing new measures against the country’s two biggest oil companies—Lukoil and Rosneft—and 44 so-called “shadow fleet” tankers, in an effort to further pressure the Kremlin’s energy revenues.
The finance ministers of the Group of Seven (G7) leading industrial nations held discussions on China’s controls over the export of rare earth minerals, and approaches to enhance the effectiveness of limiting Russia’s oil exports and revenues in order to pressure Russia to end the war with Ukraine.
United States Treasury Secretary Scott Bessent reaffirmed Wednesday that Washington’s trade negotiating stance toward China will remain independent of stock market volatility, underscoring that U.S. policy will be guided by economic merit rather than investor sentiment.
