Thailand’s SET Index closed at 1,442.73 points, decreased 8.67 points or 0.60% with a trading value of 57.53 billion baht. The analyst stated that the Thai stock market extended losses from continuous profit-taking sales following concerns over conflicts in the Middle East and the depreciation of the Thai baht.
The analyst expected the market to continue its losing streak tomorrow, while investors monitored the purchase of the Vayupak Fund and nonfarm payrolls data from the US.
The Saudi oil minister has cautioned that there is a possibility for oil prices to plummet to $50 per barrel if OPEC+ members fail to adhere to the agreed-upon production restrictions.
The remarks from the Saudi minister were perceived by other oil-producing nations as an implicit warning that Saudi Arabia is prepared to initiate a price war to safeguard its market share should other countries not comply with the group’s agreements.
In September, Japan’s service sector saw its third consecutive month of expansion, albeit at a slightly slower pace.
The final au Jibun Bank Service PMI decreased to 53.1 in September, down from 53.7 in August, according to S&P Global Intelligence. Although this figure was below the initial reading of 53.9, it remained above the threshold of 50.0 that distinguishes expansion from contraction, while the average of the three months leading up to September indicated consistent growth.
