Thailand’s SET Index closed at 1,327.43 points, decreased 4.61 points or 0.35% with a trading value of 33.60 billion baht. The analyst stated that the Thai stock market moved downward following the selloff of bank stocks, as investors raised concerns over the situation regarding EA’s debt. Meanwhile, there was a slight purchasing power from stocks which were unrelated to the aforementioned development at the end of the trading session.
The analyst expected the market to trade with limitation, following hopes for Fed rate cuts.
China’s economy grew by 4.7% in the second quarter of 2024 compared to the same period last year. This figure missed analysts’ expectations, as they had predicted a 5.1% expansion.
Despite efforts by policymakers to boost domestic demand in light of an extended property market slowdown, the growth rate fell slightly from 5.3% in the previous quarter.
Donald Trump will win the 2024 Presidential Election in a landslide after surviving the assassination on July 13, 2024, at a campaign rally near Butler, Pennsylvania, according to several analysts, mirroring the attempted assassination of former president Ronald Reagan.
Chief Investment Officer at Vantage Point Asset Management in Singapore, Nick Ferres, analyzed in a report that the upcoming election is likely to result in a significant victory for Trump. He referred to polls indicating a surge in popularity for Reagan following an assassination attempt he survived in 1981.
The Stock Exchange of Thailand (SET) postำก “SP” sign against the securities of EA and has requested additional clarification regarding the potential financial impact, especially concerning outstanding debts, particularly loans and debenture bonds maturing within 2024 along with clear directives on the repayment of these obligations are also being sought, in addition to their implications for the company’s business management.
