Thailand’s SET Index closed at 1,448.83 points, decreased 1.32 points or 0.09% with a trading value of 52.89 billion baht. The analyst stated that the Thai stock market traded narrowly due to the absence of significant drivers to propel the index forward, following earlier positive momentum from both domestic and international markets, which led to profit-taking activities. Concerns regarding interventions to address the strengthening Thai baht and a surplus in the country’s account balance were not deemed critical, with investors awaiting key data releases from the U.S. during the week that could influence the direction of the Fed’s rate cuts.
The analyst expected the Thai market to trade sideways tomorrow, with investors closely monitoring economic indicators from the U.S., inflows from the Vayupak Fund, and the introduction of upcoming stimulus measures.
In September, China’s factory activity shrank for the fifth consecutive month, indicating challenges amid efforts to revitalize the country’s growth momentum.
The official manufacturing purchasing managers’ index stood at 49.8 in September, showing a slight improvement from 49.1 in August, 49.4 in July, and 49.5 in June.
China has taken significant measures to lower borrowing costs on a massive $5.3 trillion worth of mortgages, benefiting millions of families in a bid to stabilize the struggling property sector.
Homeowners will have the opportunity to renegotiate terms with their current lenders starting from November 1. Individuals who have selected fixed mortgage rates will also have the opportunity to renegotiate new loans based on the latest loan prime rate, which serves as a benchmark for mortgage loans.
The Israeli military announced on Saturday that the leader of Hezbollah, Sayyed Hassan Nasrallah, was killed in a powerful airstrike carried out by Israel in Beirut. The attack, which targeted the group’s central command headquarters in the southern suburbs of Beirut, dealt a severe blow to the Iran-backed group amidst a series of escalating Israeli assaults.
The demise of Nasrallah represents a significant setback for both Hezbollah and Iran, as he was a key figure instrumental in transforming Hezbollah into a pivotal player within Tehran’s network of allied groups in the Arab region.
