Thailand’s SET Index closed at 1,400.85 points, increased 6.18 points or 0.44% with a trading value of 28.67 billion baht. The analyst stated that the Thai stock market demonstrated an upward trajectory, testing the 1,400-point threshold, amid subdued trading activity on Christmas Day leading up to the New Year. The increase was credited to stocks with specific catalysts, notably BCP.
The analyst expected the Thai market to trade sideways tomorrow.
Thailand’s customs-cleared exports grew by 8.2% in November year-on-year—a figure that closely matched the 8.4% increase predicted by analysts in a Reuters poll. This follows a significant 14.6% jump seen in October.
In November, Japan’s service-sector inflation indicator rose to a 3.0% year-on-year increase, marking its second consecutive month of acceleration. This trend supports the Bank of Japan’s (BOJ) assessment that rising wages are encouraging firms to transfer higher costs to consumers.
The People’s Bank of China (PBOC) opted to maintain the one-year medium-term lending facility rate (MLF) at 2%, a decision foreseen by nine out of ten economists in a Bloomberg survey.
The central bank also executed its largest cash withdrawal since 2014 via a one-year policy tool, withdrawing a net total of 1.15 trillion yuan ($158 billion) from the financial ecosystem.
On Wednesday, suspended president Yoon Suk Yoel did not respond to a second summon by South Korea’s anti-corruption authorities, who have been investigating his declaration of martial law early this month along with prosecutors.
The summoning on 10 a.m. of 25 December issued by the Corruption Investigation Office for High-ranking Officials was the second time Yoon ignored their summons, following the first call the previous week.
