Thailand’s SET Index closed at 1,502.09 points, increasing by 11.08 points or 0.74%, with a trading value of THB 76.97 billion. The analyst stated that the Thai market moved with high volatility, plunging 20 points in early trading amid selling pressure across all sectors. Following that, the index surged around 10 points in the afternoon session after a rebound in Nasdaq-100 futures helped boost DELTA back to a positive close.
Additionally, renewed buying interest in major-cap shares also supported the market’s growth.
For tomorrow, the analyst expects the Thai market to potentially continue its technical rebound, while investors are recommended to closely monitor global technology stocks and oil prices.
The Democratic Party won majorities in the U.S. Congress during the midterm elections. The tally shows the party securing control of the Senate and House of Representatives.
At 1:14 p.m. (Bangkok Time), the House tally gives Democrats 218 seats, compared with 126 for Republicans. In the Senate, Democrats hold 53 seats against the Republicans’ 41.
Thailand’s Prime Minister Anutin Charnvirakul has outlined a four-pillar strategy to reinvent Thailand’s economy, focusing on energy security, new growth industries, workforce development and political stability, as the government seeks to attract investment in semiconductors, artificial intelligence (AI) and data centers.
The World Bank has urged Thailand to reignite its economic productivity, expand practical artificial intelligence adoption, and broaden small-business financing if it hopes to achieve high-income status by 2037.
The bank warned that Thailand’s per capita income growth has slowed to 2.2% annually since the pandemic, down from 8% during the 1990s. To hit its 5.4% annual growth target for high-income status by 2037, Thailand must reverse this slump; at its current pace, the nation will not cross the high-income threshold until 2067.
