Thailand’s SET Index closed at 1,252.71 points, decreased 8.47 points or 0.67%, with a trading value of THB 23.18 billion. The analyst stated that the Thai market exhibited a downward trend following a selloff of DELTA and telecommunications stocks, resulting in a contrasting movement compared to regional markets. This came as investors raised concerns over the impacts of the flooding situation in the southern region on the overall economy and the tourism sector.
For tomorrow, the analyst expects the Thai market to trade sideways within the range.
The United States has extended tariff exclusions for certain Chinese industrial and medical imports for an additional year, a decision covering equipment used in solar-energy manufacturing and a range of other products.
The tariffs, initially set to expire on November 29, came in the wake of a major trade and economic agreement between President Trump and Chinese President Xi Jinping
JPMorgan analysts have set a long-term price target for Bitcoin at $240,000, reflecting a major shift in the bank’s outlook on the cryptocurrency market as it moves from being driven by retail speculation to becoming a more institutionally traded asset class.
