Thailand’s SET Index closed at 1,415.34 points, increased 0.17 points or 0.01% with a trading value of 43 billion baht. The analyst stated that the Thai stock market moved in a sideways trend after pricing in most of the positive factors, while there are no other factors to boost the market. Most of the pressure today came from banking, electronics parts and hospital stocks. In the meantime, there was also buying pressure in the afternoon session to offset those negativity.
Government body expected the export target of Thailand in 2024 at around 1.99% with export value around 287 billion dollars, while the private sector estimated the export to rise by 1-2% with both numbers being consistent.
Meanwhile, the exports figures in the last quarter of 2023 are expected to continuously grow after the figures in August and September rose by 2.6% and 2.1%, respectively. This leads to the less than expected export shrinkage of the year 2023 for not more than 1%.
The Stock Exchange of Thailand (SET) notified the market with an announcement requiring JKN Global Group Public Company Limited (SET: JKN) to clarify and disclose information following the trending topic of the resignation of its directors and the resolution of the Board of Directors’ meeting.
On November 15, 2023, JKN Global Group Public Company Limited (JKN) announced the resignation of 5 directors, which 2 directors gave the reason for their resignation that they were not invited to attend the Board of Directors’ meeting on November 7, 2023 which it was resolved that the company would submit a request for business rehabilitation to the Central Bankruptcy Court.
US President Joe Biden risks himself a backlash for calling Chinese leader Xi Jinping a dictator just after their sideline meeting of APEC summit in San Francisco ended.
Biden said that “We’re back to direct, open, clear direct communication on a direct basis,” agreeing for both leaders to have high-level military communications.
However, the statement could be “too” direct as he told reporters that he had not changed his view on Xi and called him a dictator.
“He’s a dictator in the sense that he is a guy who runs a country that is a communist country,” Biden said.
