Thailand’s SET Index closed at 1,290.72 points, increased 6.25 points or 0.49%, with a trading value of THB 34.37 billion. The analyst stated that the Thai market extended gains due to buying force in banking stocks, following better-than-expected financial reports, while the tourism stimulus measures bolstered hotel and airline stocks.
In addition, the majority of markets in Asia exhibited growth amid easing U.S.-China trade tensions.
The analyst expects the Thai market to trade sideways tomorrow.
The Cabinet announced the launch of domestic tourism stimulus measures under the package “Tiew Dee Mee Khuen” (Good Trip, Good Return), consisting of five sub-measures, including: 1. Personal Income Tax Measure, 2. Corporate Income Tax Measure, 3. Accelerated Disbursement for Government Training/Seminar Budgets (Front Load), 4. Tax Measure for Hotel and Accommodation Improvement, and 5. Entertainment Excise Tax Reduction.
Sanae Takaichi, the leader of Japan’s ruling Liberal Democratic Party, secured the lower house’s vote on Tuesday, paving the way for her to become the country’s first female prime minister. She received 237 votes out of the 465-seat chamber, succeeding outgoing leader Shigeru Ishiba, who resigned last month following electoral setbacks.
U.S. President Donald Trump and Australian Prime Minister Anthony Albanese finalized a landmark critical minerals agreement at the White House, marking a significant step in strengthening bilateral cooperation and securing the supply of essential resources for advanced technologies and industry.
Taiwan’s export orders soared in September, posting their eighth consecutive monthly gain and beating market expectations as the island solidifies its position as a critical global hub for artificial intelligence (AI). Export orders grew 30.5% year-on-year to $70.22 billion, easily surpassing analysts’ consensus of a 17.8% rise.
