Thailand Shares Fall, Thai Stanley Electric and Chularat Hospital Experience Largest Declines

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The Thailand SET Index TH:SET saw a decline of 0.6% to 1,364.47 on Wednesday, with several companies experiencing significant drops in their share prices.

Leading the way was Thai Stanley Electric TH:STANLY, an automotive firm, which saw a steep decline of 6.0%. Following closely behind was Chularat Hospital TH:CHG, a healthcare and life sciences company, with a drop of 5.7%. Technology company Xiaomi Corp. TDR TH:XIAOMI80 also saw a notable decline of 5.1%.

On the other hand, AIRA Capital TH:AIRA, a financial services company, emerged as the biggest leader during the session, witnessing a substantial increase of 6.5%. Super Energy TH:SUPER followed suit with a gain of 2.4%. PTT Exploration TH:PTTEP, an energy company, rounded out the top three leaders on Wednesday with a 2.4% increase in shares.

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Southeast Asia Market Overview

Moving to other parts of Southeast Asia, Singapore’s FTSE Straits Times Index SG:STI experienced a small gain of 0.1%, while Malaysia’s FTSE Bursa Malaysia KLCI MY:FBMKLCI remained flat. The Philippines’ PSEi Index PH:PSEI saw an increase of 0.4%, and Indonesia’s JSX Composite Index ID:JAKIDX rose by 0.2%.

Asia-Pacific Market Overview

In the broader Asia-Pacific region, the Hang Seng Index HK:HSI in Hong Kong declined by 1.4%, while Japan’s NIKKEI 225 Index JP:NIK rose by 0.6%. The Shanghai Composite Index CN:SHCOMP, which represents Chinese companies, saw a decline of 1.5%.

Meanwhile, South Korean stocks saw a minor drop of 0.1% with the KOSPI Composite Index KR:180721. Australian stocks, on the other hand, experienced a gain of 1.1% with the S&P/ASX 200 Benchmark Index AU:XJO.

Currency Updates

Turning to currency exchange rates, the U.S. dollar USDTHB climbed by 0.2% to reach 35.46 Thai baht, while the euro EURTHB rose by 0.1% to 38.41 baht.

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