Thailand’s SET Index closed at 1,384.76 points, increased 4.91 points or 0.36% with a trading value of 29.60 billion baht. The analyst stated that the Thai stock market traded narrowly following a significant decline in the previous session. The uptick was primarily influenced by increased buying activity in DELTA. Without this development, the index remained relatively steady. Additionally, the two holidays during the week caused the market to lack fresh catalysts for significant movement.
The analyst predicts a sideways trading pattern for the Thai market in the upcoming week, with investors closely monitoring the inauguration of Donald Trump as the 47th president of the United States on January 20, 2025, as the key event to observe.
The People’s Bank of China (PBOC) is considering a cut from its current 1.5% interest rate at an opportune moment in 2025. This aligns with Beijing’s ongoing strategy to create a more market-oriented interest rate framework, as officials pledged to steer the economy towards market-driven mechanisms last year.
In addition, the Chinese government also announced a plan to considerably increase the amount of the ultra-long special treasury bond issuance in 2025 to support large-scale equipment upgrades and consumer goods trade-in programs.
South Korea faces another wave of political turmoil as an attempt by the police and officials from the Corruption Investigation Office for High-ranking Officials (CIO) to arrest impeached President Yoon Suk Yeol was thwarted by his supporters and a force of 200 presidential guards.
The US dollar index is poised to break the 110 mark for the highest level in more than two years, fueled by robust economic indicators that temper expectations for aggressive interest-rate cuts, along with President-elect Donald Trump’s threats of imposing strict tariffs, which have bolstered confidence in the greenback.
