Thailand’s SET Index closed at 1,177.44 points, decreased 24.59 points or 2.05% with a trading value of THB 34.25 billion. The analyst stated that the Thai market plummeted due to concerns over the slowing Chinese economy following lower-than-expected inflation figures, trade-consumption imbalance, and sluggish economic trend in the U.S., causing a major selloff among China Play stocks.
For tomorrow, the analyst expects the Thai market to potentially plunge to a record low as there are no new supporting factors.
In a critical move to further boost Thailand’s economic performance this year, the Thai government aims to surpass its growth target of 3%, announced Finance Minister Pichai Chunhavajira following the economic stimulus policy committee meeting.
In pursuit of bolstering exports by over 4%, Pichai emphasized that a depreciating baht would aid in reaching this objective.
J.P. Morgan has joined Goldman Sachs in projecting a rise in economic growth for the eurozone in 2025, driven by Germany’s fiscal relaxation measures.
The investment bank anticipates a 0.1 percentage point increase in growth to 0.8% in 2025, mirroring Goldman’s expectations. For 2026, J.P. Morgan forecasts a growth rate of 1.2%, up by 0.3 percentage points.
Mark Carney, a distinguished former central banker, is set to become Canada’s next prime minister following a decisive victory in the Liberal Party leadership race, as revealed by official results this past Sunday.
