Thailand’s SET Index closed at 1,454.76 points, increased 17.65 points or 1.23% with a trading value of 46.70 billion baht. The analyst stated that the Thai stock market increased sharply following investment in Tax-Saving Funds and the positive impact from the arrival of Nvidia’s CEO, Jensen Huang in Thailand.
Meanwhile, investors also kept a keen watch on the US Federal Reserve’s decisions. Should the central bank opt to lower interest rates, it could potentially stimulate the Thai capital market and attract foreign investors.
The analyst predicted a restraining of the Thai market’s momentum in subsequent trading sessions, following the considerable rise in today’s session.
Paetongtarn Shinawatra, Prime Minister of Thailand, met with Nvidia CEO Jensen Huang during his official visit to Thailand to discuss investment and technological cooperation in the kingdom.
The meeting focused on possible collaboration between the two parties, especially in the production of AI chips and bolstering Thailand as the South East Asia center of AI innovation.
The yuan descended to its weakest stance against the dollar in approximately a year, as market players increased pessimistic bets amid lackluster growth in China and fears of escalating U.S. tariffs.
The onshore yuan dipped up to 0.3%, marking 7.2970 against the dollar, its most feeble point since November 2023. Tuesday saw the Bloomberg Dollar Spot Index inch towards a two-year high.
French Prime Minister Michel Barnier’s fate is uncertain as both far-right and left-wing parties push for a vote of no-confidence. If successful, Barnier’s coalition will become the first French government to be forced out by such a vote since 1962.
The situation was triggered by Barnier’s announcement that he intended to push a social security bill through parliament without a vote, following an unsuccessful last-minute concession.
