Thailand’s SET Index closed at 1,563.91 points, increasing by 4.90 points or 0.31%, with a trading value of THB 77.47 billion. The analyst stated that the Thai stock market rebounded and moved sideways within a narrow range, with support from the lower-than-expected U.S. PCE reports, despite downward pressure from elevated bond yields.
Regarding positive catalysts, a surge in the electronics component sector is highlighted following positive sentiment from robust South Korean export figures, particularly in semiconductors.
For tomorrow, the analyst expects the Thai market to trade sideways.
Infineon Technologies AG has inaugurated a $1.4 billion (THB 48 billion) power semiconductor manufacturing complex in Thailand, a major investment promoted by the Thailand Board of Investment (BOI), that strengthens the country’s position in global semiconductor supply chains and supports rising demand from artificial intelligence, electric vehicles and advanced industrial applications.
Interest-rate futures put the likelihood of a December Federal Reserve increase at about 35%, according to CME FedWatch. Goldman Sachs, meanwhile, has moved its prediction for the next hike to December rather than October after August inflation came in below expectations.
The bank’s inflation projections are now more subdued than the Fed’s. Goldman expects fourth-quarter core personal consumption expenditures inflation of 3.0% compared with the same quarter a year earlier; the median forecast from Fed officials is 3.4%.
