Thailand’s SET Index closed at 1,377.53 points, decreased 21.42 points or 1.53% with a trading value of 49.25 billion baht. The analyst stated that the Thai stock market exhibited a downward trend in tandem with the global markets, influenced by the U.S. Federal Reserve signaling only two further interest rate cuts in 2025.
Meanwhile, the Bank of Thailand’s Monetary Policy Committee announced its decision on Wednesday, holding the benchmark rates steady at 2.25%.
The analyst anticipates a potential market recovery tomorrow, advising investors to consider speculating stocks in the retail sector like CRC, BJC, HMPRO, and GLOBAL. This recommendation precedes an upcoming proposal from the Ministry of Finance for measures aimed at stimulating consumer spending—the Easy e-Receipt measure—which is set to be presented to the Cabinet next week.
The Bank of Japan (BOJ) maintained its benchmark interest rate at 0.25% on Thursday to closely observe the effects of financial and foreign exchange market movements on Japan’s economy and price stability.
The decision defied predictions from a Reuters poll, where a 25 basis point hike was anticipated.
South Korea’s Foreign Minister Cho Tae-yul is preparing a roadmap in case the President-elect US President Donald Trump reopens nuclear talks with North Korea while acknowledging that the recent political turmoil has disrupted ties with Trump’s team.
The Federal Reserve executed a third successive 0.25% interest rate cut on Wednesday, signaling a more measured approach towards future reductions, despite ongoing inflation challenges and robust economic growth, bringing the overnight borrowing rate to a target range of 4.25%-4.5%, a level previously seen in December 2022 when rates were climbing.
OPEC+ is concerned about a potential rise in US oil production when Donald Trump returns to the White House. Delegates from the group expressed fears that this increase could erode OPEC+’s market share and undermine its efforts to support oil prices.
