Thailand’s SET Index closed at 1,451.40 points, decreased 13.26 points or 0.91% with a trading value of 57.90 billion baht. The analyst stated that the Thai stock market decreased in tandem with the regional markets, influenced by profit-taking sales amid mounting tensions in the Middle East.
As the market transitions into October, the analyst anticipates heightened volatility, driven by three key factors. Firstly, investors have already acknowledged positivity from stimulus measures announced by the government. Secondly, there may be potential profit-taking actions from foreign investors following total profits surpassing 20%. Lastly, concerns linger regarding the third-quarter performance of energy stocks, potentially impacting market sentiments.
Meanwhile, the analyst expected the Thai market to continue its downward trajectory tomorrow.
South Korea saw a milder-than-expected cooling of consumer inflation in September, falling below the central bank’s target for the first time since early 2021, amid increasing anticipation of a forthcoming policy adjustment.
The consumer price index increased by 1.6% YoY, decreasing from the 1.9% rise observed in August. This figure was lower than the median prediction of a 1.9% rise in a Reuters poll and represented the most subdued annual increment since February 2021.
Iran launched nearly 200 ballistic missiles on Israel as a response to the death of Hassan Nasrallah, leader of Hezbollah, and an Iranian general by Israel airstrike in Lebanon.
The attack came shortly after Israel encroached into south Lebanon, intensifying the advance against the Iranian-backed Hezbollah group.
