Thailand’s SET Index closed at 1,367.99 points, increased 5.02 points or 0.37% with a trading value of 42.71 billion baht. The analyst stated that the Thai stock market underwent a downward trajectory in the morning session but managed to recover later in the day, influenced by various factors locally and internationally.
The analyst expected the Thai market to extend gains next week, driven by buying activities associated with short-term speculation. Emphasis was placed on investors closely monitoring the vision on the Thai capital market of former Prime Minister Thaksin Shinawatra on Monday.
Furthermore, the analyst made a projection indicating a potential stock sell-off towards the end of the following week to mitigate potential risks ahead of the inauguration of President-elect Donald Trump on January 20, 2025.
The People’s Bank of China (PBOC) announced a pause in its treasury bond acquisition due to a shortage in availability, a move that sent shockwaves through the bond market, pushing yields up across different durations.
The United Nations released a report forecasting global economic growth to remain stagnant at 2.8% both in 2024 and 2025, with the world’s two leading economies, the U.S. and China, continuing to exert a drag on this rate.
Canada is considering imposing retaliatory tariffs on U.S. products such as orange juice, toilets, and certain steel products in response to threats from the U.S. President-elect Donald Trump to levy 25% tariffs on all Canadian products.
The US Supreme Court is set to hear an oral argument over a law that could ban Tiktok. This may decide whether the Protecting Americans from Foreign Adversary Controlled Applications Act, the law that bans online applications from targeting, surveilling, and manipulating American people, violates the U.S. Constitution’s free speech protections.
