Thailand’s SET Index closed at 1,596.01 points, decreasing by 5.04 points or 0.31%, with a trading value of THB 59.75 billion. The analyst stated that the Thai stock market continued to decline due to selling pressures from the energy sector—following a contraction in crude prices—and the electronics sector—led by DELTA—from concerns over elevating U.S. bond yields.
Nevertheless, the buying interests have rotated toward value play-themed sectors such as banking, food, as well as power plants.
For tomorrow, the analyst recommends investors closely monitor the U.S. PCE figures and Nvidia earnings results. For Friday, the Federal Reserve Jackson Hole Symposium was highlighted as the key catalyst to watch.
Iran announced preparations to withstand an expanded round of U.S. sanctions, with government officials expressing confidence in continued support from major trading partners. The new U.S. measures, unveiled as an “economic D-Day,” target Iran’s financial networks and threaten severe restrictions against nations maintaining business ties with Tehran.
