Thailand’s SET Index closed at 1,176.17 points, increased 5.97 points or 0.51% with a trading value of THB 39.01 billion. The analyst stated that the Thai market settled higher even with a slight dip during intraday, due to tailwinds from the buyouts of big-cap stocks, especially in the banking, communication, and electronic part sectors.
Additionally, the strengthening of the Thai baht also bolstered the index.
The analyst expected the Thai market to trade sideways tomorrow.
Thailand is set to trim the duration that foreign visitors can remain in the country without a visa to 30 days from the previous 60 days.
This decision, which has garnered consensus among various governmental departments, seeks to mitigate the misuse of visa waivers by foreigners engaging in unlawful business operations.
Indonesian officials have dispelled rumors about the resignation of Finance Minister Sri Mulyani Indrawati, reassuring investors after a dramatic drop in the stock market.
On Tuesday, Israel resumed major airstrikes on Gaza, which claimed 326 lives and indicated a stoppage of a two-month long ceasefire with Hamas.
The OECD has revised its economic growth forecast downwards, attributing the change to significant adjustments in trade policies by the US and subsequent retaliatory actions by other G20 nations.
