Thai stocks taking a breather after two-day rally. The SET index dropped 27.41 points (-2.14%) to 1,254.40 on Friday, with sellers hitting consumer, finance, and energy plays. PTT Oil & Retail got hammered (-3.01%), while property names like Asset World (-4.50%) and PTT Global Chemical (-4.50%) also cratered.
But here's the thing—Wall Street finished strong Friday, with the Dow up 1.08% and S&P 500 gaining 0.98%. The rally was fueled by Fed pivot hopes: New York Fed President John Williams hinted at rate cuts in December, and Michigan inflation data came in cooler than expected. That's the kind of fuel that could spark a Monday rebound in Bangkok.
Oil took a hit though. WTI crude down $0.86 to $58.14/bbl on oversupply fears after Ukraine signaled openness to a U.S. peace deal with Russia. Watch if that stabilizes—energy stocks will follow.
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Thai stocks taking a breather after two-day rally. The SET index dropped 27.41 points (-2.14%) to 1,254.40 on Friday, with sellers hitting consumer, finance, and energy plays. PTT Oil & Retail got hammered (-3.01%), while property names like Asset World (-4.50%) and PTT Global Chemical (-4.50%) also cratered.
But here's the thing—Wall Street finished strong Friday, with the Dow up 1.08% and S&P 500 gaining 0.98%. The rally was fueled by Fed pivot hopes: New York Fed President John Williams hinted at rate cuts in December, and Michigan inflation data came in cooler than expected. That's the kind of fuel that could spark a Monday rebound in Bangkok.
Oil took a hit though. WTI crude down $0.86 to $58.14/bbl on oversupply fears after Ukraine signaled openness to a U.S. peace deal with Russia. Watch if that stabilizes—energy stocks will follow.