Thai Bourse May Reclaim 1,200-Point Level

RTTNews | 116 dni temu

(RTTNews) - Ahead of Thursday's Labor Day holiday, the Thai stock market had moved higher in four straight sessions, gathering more than 50 points or 4.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,200-point plateau and it's expected to tick higher again on Friday.

The global forecast for the Asian markets is upbeat, with support expected from the oil and technology companies in particular. The European and U.S. markets were up and the Asian markets are expected to follow that lead.

The SET finished sharply higher on Wednesday following gains from the food, finance, industrial, property, resource, service and technology sectors.

For the day, the index rallied 26.14 point or 2.23 percent to finish at the daily high of 1,197.26 after trading as low as 1,169.23. Volume was 10.834 billion shares worth 54.394 billion baht. There were 275 gainers and 202 decliners, with 183 stocks finishing unchanged.

Among the actives, Advanced Info strengthened 3.87 percent, while Thailand Airport added 2.00 percent, Banpu climbed 1.42 percent, Bangkok Bank spiked 2.56 percent, Bangkok Dusit Medical picked up 2.56 percent, BTS Group gained 2.64 percent, CP All Public was up 2.49 percent, Charoen Pokphand Foods jumped 1.92 percent, Gulf expanded 3.70 percent, Kasikornbank accelerated 3.24 percent, Krung Thai Bank soared 3.81 percent, Krung Thai Card rose 0.54 percent, PTT Oil & Retail increased 2.11 percent, PTT advanced 0.81 percent, PTT Exploration and Production gathered 1.53 percent, PTT Global Chemical improved 2.37 percent, SCG Packaging added 0.71 percent, Siam Commercial Bank rallied 1.71 percent, Siam Concrete surged 5.61 percent, True Corporation gained 0.87 percent, TTB Bank collected 1.67 percent and Asset World, B. Grimm, Energy Absolute and Bangkok Expressway were unchanged.

The lead from Wall Street is positive as the major averages opened higher on Thursday and remained in the green throughout the session, although they came well off the day's highs.

The Dow improved 83.60 points or 0.21 percent to finish at 40,752.96, while the NASDAQ rallied 264.40 points or 1.52 percent to close at 17,710.74 and the S&P 500 added 35.08 points or 0.63 percent to end at 5,604.14.

The early rally on Wall Street came in reaction to upbeat earnings news from software giant Microsoft (MSFT) and Facebook parent Meta Platforms (META), both of which exceeded expectations.

Buying interest waned as the day progressed, however, as traders digested some disappointing economic data, including a Labor Department report showing first-time claims for jobless benefits rose much more than expected last week.

Crude oil saw considerable volatility Thursday but moved sharply higher after President Donald Trump threatened to impose sanctions on any country that purchases Iranian oil. West Texas Intermediate crude for June delivery jumped $1.03 or 1.8 percent to $59.24 a barrel.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 27 minut temu

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 1g 40 minut temu

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 2g 1 minut temu

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 2g 32 minut temu

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3g 12 minut temu

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 3g 40 minut temu

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3g 42 minut temu

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3g 57 minut temu

EURUSD	1.16314	GBPUSD	1.34555	AUDUSD	0.64783
USDJPY	147.827	USDCAD	1.38541	USDCHF	0.80562