Thailand’s SET Index dropped 0.34% to 1,450.15 points as investors awaited US economic data. China reduced the reserve requirement ratio to boost growth.
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Thailand’s SET Index dropped 0.34% to 1,450.15 points as investors awaited US economic data. China reduced the reserve requirement ratio to boost growth. Japan’s LDP elected Shigeru Ishiba as its new leader.
Thai Stock Market Decline
Thailand’s SET Index closed at 1,450.15 points, a decrease of 4.88 points or 0.34%, with a trading volume of 60.56 billion baht. Analysts noted a brief pause after the index climbed approximately 200 points from this year’s low, as investors awaited the US August PCE figures. The market is expected to remain within a range next week, with investors focusing on US nonfarm payrolls.
Economic Measures in China and Japan’s Political Transition
China’s central bank announced a second RRR reduction by 50 basis points this year, aimed at bolstering economic growth amidst deflationary challenges. This applies to all banks except those with a 5% reserve…