# Market Summary for June 25, 2024

- Link: https://www.thailand-business-news.com/markets/148154-market-summary-for-june-25-2024
- Published: 2024-06-25T20:39:05+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index increased by 0.18% to 1,319.14 points, buoyed by supportive
measures and anticipated capital inflows. Meanwhile, the US is investigating Chinese
telecom firms over data transfer concerns. Additionally, Thailand’s car production
experienced a year-over-year decline of 16.88%.**

 * **🌇 Market Overview** The global stock markets saw mixed performance on June
   25, 2024, with some indexes like Thailand’s SET Index closing higher while others
   were flat or down. The technology sector, represented by Nvidia Corp., saw gains
   in premarket trading.
 * **💰 Money Market Rates** Money market accounts with a $10,000 minimum balance
   are currently offering an average APY of 0.60%, slightly lower than the previous
   week. The highest rate available is being offered by select financial institutions.
 * **📊 Stock Market Recap** U.S. stock markets closed mixed on Monday, June 25,
   2024, as the major indexes fluctuated throughout the trading day. Some sectors,
   like technology, saw gains, while others remained relatively flat.

## Thai Stock Market Gains

Thailand’s SET Index closed at 1,319.14 points, a rise of 2.41 points or 0.18%, 
with a trading volume of 39.34 billion baht. Analysts attribute this increase to
measures boosting market confidence and capital inflows. The reduced risks could
lead to further gains, although volatility is expected.

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## US Investigates Chinese Telecom Firms

The US is investigating Chinese state-controlled telecom companies for potential
data transfers to Beijing via US cloud services. The Commerce Department has subpoenaed
China Mobile Ltd., China Telecom Corp., and China Unicom, though progress on China
Unicom remains minimal.

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## Decline in Thai Car Production

The Federation of Thai Industries reported a 16.19% decrease in May’s car production
compared to last year, producing 126,161 units. The slowdown is largely due to reduced
pickup truck manufacturing. From January to May, car production fell by 16.88% year-
on-year, totaling 644,951 units.