Thailand’s SET Index closed at 1,328.12 points, rising 0.36% as U.S. economic downturn fears eased, boosting market sentiment. Political stability and favorable developments lifted optimism. China kept lending rates steady, and Japan aims to boost seafood exports amidst a decline in exports to China.
Thailand’s Stock Market Gains
Thailand’s SET Index rose by 4.74 points, closing at 1,328.12 with a trading volume of 47.98 billion baht. Analysts noted that easing fears of a U.S. economic downturn and potential Federal Reserve interest rate cuts boosted investor confidence. Domestic political stability also fueled market optimism, suggesting that Thailand’s stock market has likely moved past its worst phase in early 2024. The market is expected to trade narrowly tomorrow.
Global Financial Updates
China maintained its benchmark lending rates, with the one-year LPR at 3.35% and the five-year LPR at 3.85%, matching market forecasts. In Thailand, the BOT is expected to keep its repo rate at 2.50%, amid political changes. Japan is ramping up efforts to increase seafood exports, compensating for a sales gap caused by a Chinese import ban following Fukushima’s treated water release.
