Thailand’s SET Index closed at 1,303.00 points, increased 13.16 points or 1.02% with a trading value of 35.65 billion baht. The analyst stated that the Thai stock market increased following a positive sentiment stemming from the uptick in Wall Street and favorable political developments within the country. Although Paetongtarn Shinawatra was elected as the anticipated new prime minister of Thailand, uncertainties lingered concerning the formation of the cabinet and the unveiling of new policies to parliament.
The analyst anticipates the market may potentially reach 1,320 points, as investors eagerly await the disclosure of the country’s second-quarter GDP data and the outcomes of the Monetary Policy Committee’s meeting.
A ban on international travelers to North Korea, imposed during the COVID-19 pandemic, is set to be lifted as the country plans to resume tourism activities this winter, as confirmed by tour operators specializing in North Korea travel.
KTG and Koryo Tours, two companies focused on North Korea trips, revealed that their local contacts in the country have shared information about the government’s decision to allow visits to specific destinations.
TikTok disputed the U.S. Department of Justice’s claims regarding the social media app’s connections to China, urging the court to reverse a law mandating China-based ByteDance to sell TikTok’s U.S. operations or face a ban.
The company argued that the Justice Department has inaccuracies in the case concerning a national security threat by potentially allowing the Chinese government to access data from Americans and manipulate the content they view.
A group of U.S. solar panel manufacturers has formally requested the Commerce Department to impose retrospective duties on imports from Vietnam and Thailand, citing a significant influx of products from these countries.
This plea comes in the wake of ongoing investigations into alleged unfair trade practices in the sizable solar industry.
The new European Union tariffs have had a notable impact on the flow of Chinese-made electric vehicles in July, as the EU took measures to safeguard its automakers from competition based on low costs.
The number of new electric vehicles registered by Chinese automakers in the EU dropped by 45% in July compared to June. This decline could have been exacerbated by manufacturers rushing to deliver EVs to dealers before the additional levies were imposed on July 5.
In July, UK retail sales experienced a resurgence driven by summer promotions and the Euros football tournament, leading to increased spending at department stores and sports shops.
The volume of goods sold in both stores and online platforms rose by 0.5% in July, following a revised decrease of 0.9% in the prior month. While economists had anticipated a 0.6% increase, the decline in June was less severe than the initially reported 1.2%.
