Thailand’s SET Index rose by 1.30% due to big-cap stock purchases, bucking Asian market trends. Thailand’s economy is projected to grow 3% in 2025, driven by consumption, exports, and tourism. The Bank of Japan maintains interest rates, while the UK raises capital gains tax.

Thai Stock Market and Economic Outlook: Market Roundup 31 October

The SET Index in Thailand closed at 1,466.04 points, up 18.84 points or 1.30%, with a trading value of 42.73 billion baht. An analyst noted that this uptick reflects a technical rebound against falling trends in other Asian markets. The rise was fueled by purchases of big-cap stocks like DELTA, ADVANC, GULF, and PTTEP. Looking ahead, the analyst predicts that the Thai market will likely trade sideways. The finance ministry anticipates economic growth of 3% by 2025, driven by private consumption, exports, investment, and tourism.

Global Financial and Economic Developments

On the global front, the Bank of Japan decided to keep its interest rates steady, predicting inflation near the 2% target, suggesting a gradual withdrawal of its monetary aid. Meanwhile, UK Finance Minister Rachel Reeves announced an increase in the capital gains tax—from 10% to 18% at the lower rate, and from 20% to 24% for higher earners—to align with property tax rates. This change is expected to generate GBP 2.5 billion in additional revenue, stabilizing fiscal conditions.