Thailand’s SET Index closed at 1,261.18 points, decreased 7.60 points or 0.60%, with a trading value of THB 34.97 billion. The analyst stated that the Thai market showed a weaker performance compared to regional peers, which exhibited upward movements following hopes for a Fed rate cut in December. Notably, the market was pressured by concerns over the impact of the flooding situation in the South.
For tomorrow, the analyst expects the Thai market to trade sideways.
China has secured at least 10 cargoes of U.S. soybeans, valued at approximately $300 million, through contracts signed since Tuesday, according to a Reuters report citing two traders familiar with the transactions.
The purchases come just a day after the U.S. and Chinese presidents discussed trade over the phone, signaling improving relations between the two nations.
Australian consumer prices picked up for a fourth consecutive month in October, prompting investors to sharply reduce the probability of a Reserve Bank of Australia (RBA) rate cut in May 2026 to just 8%, down from 40% previously. Meanwhile, the likelihood of an interest rate increase by the end of next year has risen to 32%.
