Thailand’s SET Index closed at 1,584.14 points, increased 22.46 points or 1.44%, with a trading value of THB 70.50 billion. The analyst stated that the Thai market surged in response to the global market recovery. The electronics sector led the rebound after facing panic selling in the previous session, while sector rotation is anticipated to occur this month.
For tomorrow, the analyst expects the Thai market to move sideways as investors monitor the U.S. inflation figures to gauge the policy rate direction.
Bank Indonesia implemented an unplanned interest rate increase on Tuesday, raising its key policy rate by 25 basis points to 5.5%. The decision was designed to stem ongoing pressure on the rupiah and curb potential inflation, and comes more than a week before the central bank’s next regular policy meeting.
A U.S. federal judge blocked the $100,000 fee established by President Donald Trump on new H-1B visas for highly skilled foreign professionals, ruling that the administration acted beyond its legal authority and imposed an unauthorized tax.
The artificial intelligence sector is preparing for a landmark capital markets event as OpenAI initiates a confidential initial public offering. Coming on the heels of a similar move by its primary competitor, Anthropic, the filing marks a significant escalation in the competition for institutional dominance and investor capital within the generative AI space.
