Thailand’s SET Index closed at 1,190.06 points, increased 3.45 points or 0.29% with a trading value of THB 23.37 billion. The analyst stated that the Thai market traded within the range and managed to end in positive territory despite relatively low trading volumes. The market’s performance was influenced by a more conciliatory stance from U.S. President Donald Trump on the trade war, which boosted most Asian markets.
Additionally, the Thai market benefited from purchases of big-cap stocks, notably PTT, indicating optimism stemming from the share buyback initiative.
The analyst expected the Thai market to trade sideways within the range tomorrow.
The Thai government’s proposal to legalize casinos has garnered strong support from the public, with a significant majority expressing approval during a recent hearing, based on the hearing outcome from a government’s poll. Still, officials indicated they are considering modifications to make it easier for locals to access these legal gambling venues.
Indonesia’s new sovereign wealth fund, Danantara, introduced its strategic team to guide its operations, featuring former presidents and advisory contributions from notable figures like hedge fund manager Ray Dalio, economist Jeffrey Sachs, and Thailand’s former prime minister, Thaksin Shinawatra.
About three months after an impeachment and suspension, South Korea’s Constitutional Court reinstated Han Duck-soo as the acting president of South Korea.
This came after the opposition Democratic Party impeached him last December, about two weeks after being appointed, for not assigning three more justices to the Constitutional Court and supporting counsel bills that target the impeached President Yoon Suk Yeol and the first lady, Kim Keon Hee.
In an effort to counter the U.S. President Donald Trump, the New Canadian Prime Minister, Mark Carney, called for a snap election this April 28 even though the next election’s due date was not until October 20.
Carney stated that Canada needs an authority that can handle Trump, whose actions led to what the Prime Minister considered as Canada’s most significant crisis of the lifetime. Carney also stated that Canada must build a strong economy and impose more security.
The preliminary UK S&P Purchasing Managers’ Index (PMI) for services rose to a seven-month high of 53.2 in March from February’s 51.0, providing some encouragement to finance minister Rachel Reeves as she prepares for a critical economic address.
