Thailand Stocks Decline

Thailand stocks experienced a decline on Tuesday, with the all-company Thailand SET Index TH:SET falling 0.7% to 1,371.74.

Biggest Declines in Real Estate/Construction

Sino-Thai Engg & Constr TH:STEC, a prominent real estate/construction firm, saw the largest decline, dropping by 9.6%. Following closely behind was Ch. Karnchang TH:CK, a real estate/construction company, with a decrease of 7.8%. Singer Thailand TH:SINGER also observed a decline of 5.5%.

Financial Services and Technology Firms Take the Lead

Thai Group Holdings TH:TGH, a leading financial services company, emerged as the biggest leader during the session, experiencing an increase of 8.1%. Xiaomi Corp. TDR TH:XIAOMI80, a prominent technology firm, also gained 4.5% in shares. AIRA Capital TH:AIRA, which operates in the financial services space, rounded out the top three leaders on Tuesday, with shares gaining 4.5%.

Southeast Asia Market Updates

In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index SG:STI increased by 0.3%, while Malaysia’s FTSE Bursa Malaysia KLCI MY:FBMKLCI rose by 0.1%. The Philippines’ PSEi Index PH:PSEI experienced a significant increase of 1.0%, and Indonesia’s JSX Composite Index ID:JAKIDX gained 0.5%.

Asia-Pacific Market Highlights

In the Asia-Pacific region, Hong Kong’s Hang Seng Index HK:HSI added 1.1%, while Japan’s NIKKEI 225 Index JP:NIK witnessed a slight increase of 0.2%. China’s Shanghai Composite Index CN:SHCOMP experienced growth of 0.4%.

South Korea’s KOSPI Composite Index KR:180721 also saw an increase of 0.4%, while the S&P/ASX 200 Benchmark Index AU:XJO of Australian stocks added 0.5%.

Currency Update

On the currency front, the U.S. dollar USDTHB fell 0.2% to 35.65 Thai baht, while the euro EURTHB remained steady at 38.44 baht.

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