The Thai stock market (SET) closed down 0.44% on Tuesday, settling just above the 1,300-point level, but is projected to rebound on Wednesday amid global optimism regarding a resolution to the U.S. government shutdown. While European markets advanced, U.S. bourses exhibited a mixed performance, with the Dow gaining 1.18% and the NASDAQ declining 0.25%, driven by trader uncertainty, concerns over a potential tech bubble, and ongoing valuation worries. In the U.S., energy, biotechnology, and healthcare sectors saw gains fueled by rising crude oil prices, contrasting with pressure on semiconductor stocks.
The Thai Stock Exchange (SET) concluded Tuesday down 0.44% at 1,300.47 points, following a period of alternating positive and negative finishes after a 1.2% five-day losing streak. Despite this modest decline, the SET is anticipated to rebound on Wednesday, buoyed by an optimistic global outlook for Asian markets. This positive sentiment is primarily driven by expectations of a resolution to the U.S. government shutdown, which has already supported European market gains. Conversely, U.S. bourses displayed a mixed performance, with the Dow Jones Industrial Average advancing 1.18% while the NASDAQ Composite declined 0.25%, indicating persistent trader uncertainty. Concerns over a potential tech bubble and ongoing valuation worries continue to influence U.S. market dynamics, even as broader economic impacts of the shutdown are largely dismissed. Sectorally, a sharp increase in crude oil prices propelled energy stocks higher, alongside strength in biotechnology and healthcare, while semiconductor stocks experienced a 2.0% decline.
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mixed
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0.10
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