Asian markets continued to rise for a fifth consecutive day as US inflation cooled, leading to speculation that the Federal Reserve might pause interest rate increases.
Despite ongoing political uncertainty, Thai shares also rallied. The SET Index fluctuated between 1,482.21 and 1,519.08 points this week, ultimately finishing at 1,517.92 points yesterday. This represented a 1.84% increase from the previous week, with an average daily trade value of 41.95 billion baht.
Not only did Asian markets experience optimism, but European markets also saw gains. Investors are closely watching US inflation data, which has the potential to impact central bank decisions and global market trends.
Although the situation in Thailand remains uncertain due to political developments, Thai shares managed to rally, reflecting a positive sentiment among investors. The SET Index experienced various fluctuations throughout the week but ultimately closed higher than the previous week.
There is also growing concern about El Niño’s impact on Thai rice exports, leading to predictions of a 17% increase in exports this year.
Despite these challenges, the Asian markets continue to exhibit positive momentum.
