Thailand’s SET Index closed at 1,428.03 points, decreased 3.10 points or 0.22% with a trading value of 64.21 billion baht. The analyst stated that the Thai stock market remained within a stable range, while trading volume began to taper off. Investors are monitoring upcoming events in the US, such as the election debate between the candidates and the release of the August inflation report.
The analyst expected the market to trade sideways tomorrow.
In August, China’s exports surged by 8.7% year-on-year in U.S. dollar terms, surpassing expectations of a 6.5% growth as reported by the customs agency. Conversely, imports only grew by 0.5%, falling short of the anticipated 2% increase from a year ago.
This contrasted with July figures, where exports increased by 7% year-on-year and imports exceeded expectations with a 7.2% rise.
China launched a year-long anti-dumping investigation into the imports of rapeseed from Canada, with immediate effect and an anticipated conclusion before September 9, 2025. The investigation was initiated shortly prior to Canada’s 100% tariffs imposition on electric vehicles (EVs) and other products made in China.
In recent weeks, Canada, the United States and the European Union decided to levy tariffs on the import of EVs originating from China, commencing on October 1. The development spurred trade tension between the world’s second largest economy and the West.
Inflation in Germany dropped to the level not seen in three years last month, paving the way for the European Central Bank to cut interest rates at the upcoming meeting scheduled this week.
August has seen inflation in the European largest economy go down to 2.0%, the lowest since June 2021, thanks to a decrease in energy prices.
The European Union is set to decrease proposed tariffs on Tesla and other EVs from China, citing sources familiar with the situation.
The tariff rate for Tesla is expected to be adjusted to just under 8% from the current 9%, with the EU revising its stance based on new information provided by the companies.
Ukraine, arguably one of the pivotal agents in European energy markets due to its pipelines which transport natural gas from Russia into the EU, may soon lose its comparative advantage should the conflict with Russia drag on.
It is likely that Moscow and Kiev will not be renewing its agreement to move Russian gas to Europe once it is terminated in December. That said, a profound impact on the European market can be observed through the hindered energy consumption.
