Thailand’s SET Index closed at 1,309.50 points, decreased 5.15 points or 0.39%, with a trading value of THB 32.55 billion. The analyst stated that the Thai market traded sideways-down, mirroring the foreign markets’ movement, after the slower-than-expected Federal Reserve rate cuts pressured fund inflows to Asian markets. Meanwhile, investors trading in the U.S. markets have grown more cautious.
Domestically, investors are anticipating weaker-than-expected Q3 results from listed companies, which has led to profit-taking actions.
For next week, the analyst expects the Thai market to contract, with a potential risk for the index to fall below the support level.
The Bank of Thailand released its official press statement on the nation’s economic and monetary conditions for September and the third quarter of 2025. The report reveals a slowdown in overall economic activity, primarily due to reduced manufacturing output and subdued private investment, despite resilience in exports.
China’s manufacturing sector contracted at a sharper-than-expected pace in October, dropping to its lowest point in six months amid renewed friction with the United States.
The National Bureau of Statistics reported the manufacturing Purchasing Managers’ Index at 49.0, falling short of the 49.6 forecast in a Reuters poll and signaling a steeper decline after a modest recovery in previous months.
Chinese President Xi Jinping spoke at the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ summit, calling on Asia-Pacific economies to reinforce free trade principles and maintain the stability of global supply chains.
Additionally, Mr. Anutin Charnvirakul, Prime Minister and Minister of Interior of Thailand, also had a conversation with President Xi through an interpreter at the summit. He invited China to consider purchasing more rice from Thailand, to which President Xi responded in a friendly and cordial manner.
