– SET closed at 1,727.58 points, plunged 7.52 points or 0.43% with a trading value of THB 59.26 billion. The index traded mostly in a negative territory from the probability of Fed to cut the interest rate by 25 basis points instead of 50 points.
Meanwhile, China debuted its new Nasdaq-style technology board known as STAR on the Shanghai Stock Exchange which skyrocketed on their first day despite a plummet of 1.27% from SSEC. The new board could also potentially snatch foreign investors from the Thai market as well. SET’s sudden plunge in the afternoon session was due to the freshly announced June exports which recorded a decline of four-month straight while imports also sank by 9.44%.
– A huge selloff at a total of THB 3.54 billion from Institutions plunged SET by 7.5 points while Foreign Investors continued to invest in the Thai market with a total value of THB 2.18 billion.