Thailand’s SET Index closed at 1,297.07 points, increased 0.82 points or 0.06% with a trading value of 42.93 billion baht. The analyst stated that the Thai stock market increased in tandem with the Asia market following lower-than-expected initial claims for unemployment insurance in the U.S., prompting increased buying of big-cap stocks.
Meanwhile, the Thai market was pressured by the upside risks from political factors in the country.
The analyst highlighted the importance of monitoring the court’s forthcoming decision regarding Prime Minister Srettha Thavisin’s case and anticipated the exclusion of three stocks from the MSCI ratings, and the anticipated weight downgrade of Thai stocks, advising investors to stay informed on these developments.
China witnessed a higher-than-anticipated increase in consumer prices in July, rising by 0.5% from a year earlier, led by a significant spike in pork prices.
Analysts, as per Reuters’ survey, had forecasted a slight uptick in the consumer price index to 0.3% year-on-year in July, compared to 0.2% in June. This 0.5% CPI surge in July marked the highest jump since a 0.7% increase recorded in February, which coincided with China’s Lunar New Year celebration falling in that month.
