Tisco Securities expected Thailand’s SET Index to move in a sideways-up trend with a positive sentiment from the adjustment of ThaiESG conditions that should result in higher fund inflows and also a window dressing as the second quarter is coming to an end after SET Index have been plunging to a lower level. This could draw attention from foreign investors into Thai stocks.
Nvidia Corp. saw its shares fall into correction territory on Monday as continuous selling pressure led to a substantial decline in value for the AI-focused chipmaker. The stock experienced a 6.7% drop, marking its third consecutive negative session and the largest one-day percentage decline since April.
Within three days, Nvidia’s market capitalization plummeted by approximately $430 billion, setting a new record for the largest three-day value loss in corporate history.
Following this drop, Nvidia’s valuation dipped below the $3 trillion mark, positioning the company below both Microsoft Corp. and Apple Inc. in terms of size.
A senior official from Thailand’s central bank stated on Monday that the country’s prevailing benchmark interest rate of 2.5% is deemed “quite robust to many scenarios.” This assertion comes despite external pressures from the government indicating that the current monetary policy is excessively stringent.
