Thailand’s SET Index closed at 1,431.67 points, decreased 8.22 points or 0.57% with a trading value of 40.32 billion baht. The analyst stated that the Thai stock market traded in a negative territory, influenced by concerns related to the potential repercussions of Trump’s tariff strategy and the proposed minimum corporate tax rate of 15%, aligning with the outline by the OECD.
The analyst expected the Thai market to trade narrowly next week, with investors keeping a close watch on movements in both U.S. and Thailand’s interest rates.
In the annual economic conference led by President Xi Jinping that wrapped up on Thursday, China signaled its intent to employ proactive fiscal policies geared towards bolstering its growth. Plans to increase the country’s deficit along with the issuance of more ultra-long bonds in the subsequent year were highlighted in the state press report.
As reported by Reuters, the Bank of Japan (BOJ) is inclined to keep interest rates unchanged at the upcoming meeting next week, allowing policymakers extra time to gauge overseas risks and signals on next year’s wage prospects.
South Korean President Yoon Suk Yeol’s decision to impose a one-night martial law on December 3 has sparked a constitutional crisis. Opposition leader Lee Jae-myung responded by calling for impeachment again, stating it was the best way to restore order.
The UK’s economy took an unexpected downturn in October, with the Gross Domestic Product (GDP) seeing a decrease of approximately 0.1% on a month-on-month basis – a condition ascribed primarily to a decrease in the nation’s production output. This data stood in stark contrast to economists’ projections in a Reuters poll, who speculated a 0.1% GDP growth for October.
President-elect Donald Trump promised to use the U.S. military to its full legal capacity to deport record numbers of illegal immigrants. He described migrants as dangerous criminals, labeling their arrival an invasion and pledged to use the National Guard for a mass crackdown on both legal and illegal immigration.
