Thailand’s SET Index closed at 1,313.31 points, increased 18.02 points or 1.39%, with a trading value of THB 38.13 billion. The analyst stated that the Thai market rebounded, mirroring overseas markets. This was in response to the U.S. employment figures in the private sector having come out better than expected, which bolstered fund inflows toward risky assets and sent a positive sentiment on the stock markets.
Domestically, there are buying forces in telecommunication stocks and DELTA, which buoyed the SET Index.
The analyst expects the Thai market to trade sideways within range tomorrow.
Thailand’s Commission on the National Competitiveness Enhancement for Targeted Industries Policies approved a measure to develop highly-skilled professionals for new-generation industries. The measure aims to respond to the changing skill requirements of the industrial sector, especially in target industries essential to the country’s strategic development.
The Thai Ministry of Finance established a Data Bureau, tasked with connecting data and legal frameworks among all financial regulatory agencies to manage suspicious financial transactions, removing the need for agencies to handle data in isolation.
The U.S. Supreme Court expressed skepticism about the legality of President Donald Trump’s wide-reaching tariffs. Both conservative and liberal justices grilled the government’s attorney, Solicitor General D. John Sauer, on whether the International Emergency Economic Powers Act (IEEPA), originally intended for national emergencies, justified the tariffs, or whether Trump had overstepped congressional authority.
Job creation at U.S. private companies in October barely ticked upward, with payroll processor ADP reporting an increase of just 42,000 positions. This modest uptick, released Wednesday, marks the first advance in ADP’s figures since July, following a 29,000 job decrease in September. However, the data suggests hiring remains sluggish despite a slight improvement over some previous months.
