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Looks like the thai stock market is on a solid run right now. Just checked and the SET hit 1,516 points yesterday, up about 26 points or 1.7 percent. We're seeing this streak of gains over the last few sessions - almost 40 points total if you're keeping score. The thai stock market overview for this week looks pretty constructive given what's happening globally.
What caught my eye is the breadth of it. Food stocks, industrial names, property plays, services, tech - basically everything's participating. That's the kind of move you want to see rather than just a few names carrying the load. Volume was decent too at over 12 billion shares. Among the individual movers, some of the bigger names like Advanced Info and Banpu both jumped over 2.5 percent, while PTT Global Chemical absolutely ripped 5.6 percent higher. Not everything was green of course - Kasikornbank took a hit, down 2.24 percent, and Bangkok Bank slipped 1.43 percent, but that's normal in a mixed session.
The setup for today looks positive. Wall Street was firm overnight, with the Dow up about 0.63 percent and NASDAQ jumping 1.26 percent. Tech stocks in particular are doing the heavy lifting - the software index spiked over 3 percent. Nvidia's earnings beat is still fueling that momentum. So the thai stock market overview suggests we could see more upside when the bell rings, especially if tech keeps its bid.
One thing to watch is crude oil. It's drifting lower - WTI slipped to $65.48 a barrel - which could be a headwind for energy plays here. But overall the global backdrop looks supportive for Asian markets today. Thailand also has industrial production data coming out later, so keep an eye on that.