# Market Roundup 20 August 2024

- Link: https://www.thailand-business-news.com/markets/157569-market-roundup-20-august-2024
- Published: 2024-08-21T10:20:29+07:00
- Author: Abhishek Prakash

**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.

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### 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.

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