**Thai Stock Market Recovers After Three-Day Decline**The Thai stock market halted its three-day slump on Wednesday, which had seen a drop of nearly 50 points or 3.7 percent. The Stock Exchange of Thailand (SET) now hovers just above the 1,290-point mark, although another downturn is possible on Thursday.The global outlook for Asian markets is mixed to negative, driven by persistent concerns about the U.S. economy. While European markets posted gains, U.S. markets declined, suggesting that Asian markets might follow suit. On Wednesday, the SET saw significant gains across sectors including food, finance, property, resources, services, and technology.The SET index rallied 16.54 points or 1.30 percent to close at 1,290.55, fluctuating between 1,282.05 and 1,293.94 throughout the day. Trading volume reached 9.678 billion shares valued at 40.061 billion baht. Out of the traded stocks, 338 were gainers, 163 were decliners, and 156 remained unchanged. Among the active stocks:- Advanced Info rose by 0.42 percent- Thailand Airport increased by 0.90 percent- Banpu added 0.45 percent- Bangkok Bank climbed 1.15 percent- Bangkok Dusit Medical surged by 2.86 percent- Bangkok Expressway gathered 0.68 percent- B. Grimm fell by 0.43 percent- BTS Group plunged by 5.53 percent- Charoen Pokphand Foods advanced 3.10 percent- Energy Absolute soared 10.24 percent- Gulf improved by 2.14 percent- Kasikornbank rose by 0.78 percent- Krung Thai Bank spiked by 3.51 percent- Krung Thai Card increased by 1.94 percent- PTT Oil & Retail rallied 1.36 percent- PTT gained 0.79 percent- PTT Exploration and Production decreased by 0.68 percent- PTT Global Chemical fell by 1.24 percent- SCG Packaging dropped 0.97 percent- Siam Commercial Bank strengthened 1.49 percent- Siam Concrete dipped by 0.50 percent- Thai Oil stumbled by 1.55 percent- True Corporation advanced 2.59 percent- TTB Bank jumped by 1.84 percent- Asset World and CP All Public remained unchangedOn Wall Street, the major indices opened higher on Wednesday but could not sustain the momentum, closing with significant losses. The Dow fell by 234.21 points or 0.60 percent to finish at 38,763.45, the NASDAQ declined by 171.05 points or 1.05 percent to reach 16,195.81, and the S&P 500 dropped by 40.53 points or 0.77 percent to close at 5,199.50.Initially, the U.S. markets benefited from bargain hunting as traders bought stocks at lower valuations following a recent sell-off. However, buying interest faded as concerns about the U.S. economic outlook persisted.Oil prices surged on Wednesday due to a surprisingly large drop in U.S. crude inventories from the previous week. West Texas Intermediate Crude oil futures for September rose by $2.03 or 2.75 percent to settle at $75.23 a barrel.The material has been provided by InstaForex Company – www.instaforex.com
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