Thailand’s SET Index closed at 1,446.30 points, increased 5.84 points or 0.41% with a trading value of 45.65 billion baht. The analyst stated that the Thai stock market traded sideways initially before showing a surge in purchasing power, partially attributed to reduced political tensions after the Constitutional Court rejected the petition alleging former Prime Minister Thaksin Shinawatra and the Pheu Thai Party collaborated to undermine the constitutional monarchy. Investments flowed notably out of DELTA into other stocks such as NewCo’s, while the uptick in oil prices further bolstered energy-related stocks.
The analyst foresees a potential market recovery in the upcoming week, given the market’s resilience above the 1,444 point mark.
Japanese headline inflation dipped to a 10-month low of 2.3% in October, down from 2.5% in the previous month. When volatile fresh food prices are excluded, the core inflation rate also registered at 2.3%, a decrease from September’s 2.4%, although it modestly surpassed economists’ prediction of 2.2%. This weaker inflationary pressure could indicate that Japan’s central bank will need to keep its monetary policy relaxed.
Canadian Prime Minister, Justin Trudeau, declared a C$6.3 billion ($4.5 billion) affordability package that incorporates temporary relief on federal sales tax and a one-off C$250 rebate for over 18 million Canadians. This initiative has secured backing from the opposition party, the New Democratic Party (NDP), bolstering stability in the Parliament and reducing the probability of premature elections.
Israeli Prime Minister Benjamin Netanyahu, former Defense Minister Yoav Gallant, and Hamas leader Ibrahim Al-Masri are all facing arrest warrants from the International Criminal Court (ICC) for alleged crimes against humanity in the ongoing Gaza conflict.
ICC judges stated there were reasonable grounds to believe that Netanyahu and Gallant were responsible for serious crimes as part of an assault on Gaza’s civilian population. The accusations also include maintaining a blockade that created extreme conditions, leading to civilian deaths from malnutrition and dehydration.
