Thailand’s SET Index closed at 1,415.17 points, increased 29.13 points or 2.10% with a trading value of 63.7 billion baht. The analyst stated that the Thai stock market made a sharp spike, following the same direction of other regional markets after the US reported lower-than-expected inflation data last night, which eased the market concerns over policy rate hikes and should maintain rates in December meeting.
Moreover, the government is moving forward to launch ESG Fund, which could attract fund flows to the Thai market.
UK saw a sharp decline for its October inflation from 6.7% in September to 4.6% in October, making it a two-year low.
Still, the headline consumer price index (CPI) remained unchanged on a monthly basis, while the poll by Reuters expected it to rise by 4.8% YoY and 0.1% from the previous month.
Core CPI, however, excluding volatile food, energy, alcohol and tobacco prices, dropped from 6.1% in September to 5.7% in October.
Central Group, Thailand’s largest department store, said in a statement on Wednesday as reported by Reuters that Central took full control of Selfridges department stores across Europe, but is well-known for its flagship store in Oxford Street in London that was founded in 1908.
Central Group and the real estate tycoon Rene Benko’s Signa Group, bought Selfridges in 2021 in a deal worth $5 billion. However, Austrian co-owner Benko’s Signa faces a property crisis in Europe, which led to the tycoon handing over control of Signa to restructuring experts earlier in this month.
