Thailand’s SET Index closed at 1,301.54 points, decreased 15.60 points or 1.18% with a trading value of 40.31 billion baht. The analyst stated that the Thai stock market plummeted as banking sector earnings reports met market expectations but with persisting high provisions, leading to apprehensions across other sectors, particularly finance. Additionally, market sentiment was dampened by EA’s downturn due to debenture-related issues and a lack of significant catalysts.
The analyst expected the market to trade sideways tomorrow, while investors monitored both domestic and international factors that could potentially influence market movement.
Vice President Kamala Harris has exceeded the required number of delegates for clinching the Democratic presidential nomination by having 2,214 delegates, significantly surpassing the minimum majority required to secure the nomination outright in the initial round of voting.
Still, AP underlined that the analysis remains unofficial, highlighting that Democratic delegates retain the liberty to cast their votes for their preferred candidate during the party’s official selection process.
South Korean officials have detained Brian Kim, the founder of Kakao Corp., on accusations of market manipulation, leading to one of the most prominent business figures in South Korea in recent years to face imprisonment.
The Seoul Southern District Court has ordered Kim into custody, citing concerns of potential evidence tampering and escape. The decision represents a significant development for the conglomerate, which swiftly ascended to the forefront of South Korea’s technology sector before facing increased regulatory scrutiny.
