Stocks in Asian markets traded lower in the morning session on Thursday as investors were cautious ahead of the release of the U.S.
As of 9:44 local time in BKK, Nikkei fell 0.53%, Shanghai Composite dropped 0.25%, Hang Seng Index plunged 1.16%, Kospi slipped 1.15%.
Thailand’s SET Index closed for the holiday.
Economists expect U.S. inflation for September to slow down to 8.1% YoY and a slight drop from 8.3% in August.
However, core inflation is expected at 6.5% YoY, an increase from 6.3% in the previous month.
Analysts stated that the direction of the SET Index next week will depend on the U.S inflation. If the data came out higher than 8.1%, the Thai stock market could edge lower.
