Thailand’s SET Index closed at 1,313.91 points, increased 11.56 points or 0.89%, with a trading value of THB 44.29 billion. The analyst stated that the Thai market exhibited an upward trend, in line with the Asian markets, on hopes of positive sentiment from the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
Additionally, the market also benefited from buying force in the banking, energy, and telecommunications sectors.
For next week, the analyst expects the Thai market to trade sideways as investors await developments on trade talks.
Euro zone business activity grew more rapidly than expected in October, as new orders reached their fastest pace in two and a half years, signaling renewed momentum for the bloc’s economy at the outset of the final quarter.
The HCOB Flash Eurozone Composite PMI climbed to 52.2 in October from 51.2 the previous month. This marked the tenth month in a row of expanding activity and the highest level in 17 months.
The International Monetary Fund (IMF) cautioned that Asia’s annual economic expansion could ease to 4.5% in 2025, despite the region delivering a robust performance in the first half of the year. The projected growth rate is marginally lower than last year’s 4.6%, with the IMF further anticipating a slowdown to 4.1% in 2026.
The White House confirmed that U.S. President Donald Trump is scheduled to meet Chinese President Xi Jinping during his upcoming visit to Asia next week, easing uncertainty surrounding the meeting sparked by heightened trade hostilities between Washington and Beijing.
Concurrently, Trump announced that the United States is ending all trade negotiations with Canada, citing an Ontario government advertisement that uses footage of former President Ronald Reagan criticizing tariffs.
