Thai Stock Market May Extend Losing Streak

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Summary · why it matters

The Thai stock market may extend its losing streak on Wednesday after the SET index slipped 5.30 points or 0.38 percent to close at 1,401.72 on Tuesday. The decline was driven by losses in food, finance, industrial, and technology stocks, with CP All Public tumbling 1.83 percent and Krung Thai Card slumping 1.13 percent. Global markets are under pressure from fading hopes for near-term U.S. interest rate cuts, which pushed Wall Street lower overnight. The Dow fell 231.86 points or 0.62 percent, while the S&P 500 shed 0.37 percent, as higher Treasury yields and disappointing earnings from Goldman Sachs and Morgan Stanley weighed on sentiment. Oil prices also edged down, with West Texas Intermediate crude settling at $72.40 a barrel.

Impact on assets 4

Financials▼ · 3 stocks
Morgan Stanley
MS
▼ NegativeCapitalrelevance

Disappointing earnings from Morgan Stanley weighed on sentiment.

Digital Finance & Tokenization▼ · 1 stocks
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