Thailand’s SET Index closed at 1,322.50 points, increased 10.51 points or 0.80% with a trading value of 31.29 billion baht. The analyst stated that the Thai stock market increased with low volume, while the prominent stocks were among food and beverage stocks and domestic plays, following the development of the digital wallet scheme. Meanwhile, investors monitored various catalysts that could potentially impact the index’s performance, especially the case of Prime Minister Srettha Thavisin’s qualifications, as well as the US Fed speech and inflation numbers from China.
The analyst expected the market to trade sideways tomorrow.
France is confronting a potential political impasse following Sunday’s elections, which resulted in a hung parliament where a leftist alliance unexpectedly claimed the top position, but no single group secured a majority.
The election outcome dealt a blow to Marine Le Pen’s nationalist party, the National Rally (RN), as it was initially projected to secure victory in the second-round ballot but instead landed in third place, based on forecasts by pollsters.
This scenario could weaken France’s standing within the European Union and globally, making it challenging to advance any domestic agenda.
In June, China witnessed a 6.9% year-on-year decrease in car sales, marking the third consecutive month of decline as efforts by the government to boost consumer demand amid a sluggish economic rebound fell short.
Data from the China Passenger Car Association revealed that passenger vehicle sales in June totaled 1.78 million units, with the rate of decline accelerating from a 2.2% drop in May and a 5.8% fall in April.
