Tech Rally Lifts Global Markets; Thai Stocks May Rebound

The Thai stock market is on the verge of snapping a three-session losing streak that wiped out 0.5% from the index. The SET closed at 1,308.86 on Monday, down just 0.05%, as sellers dominated across property, industrials, and resources—a breath of fresh air after recent declines.

Here’s what’s happening globally:

U.S. Markets Mixed but Tech Shines

• S&P 500 +0.17% | NASDAQ +0.46% | Dow -0.48%
• Amazon spiked after clinching a $38B OpenAI deal
• Nvidia rallied on news Microsoft scored export licenses for chip shipments to UAE
• Merck, Nike, 3M and Chevron weighed on the Dow

Economic Headwinds ISM manufacturing data showed an unexpected contraction in October—a yellow flag for the global economy.

Oil Market Crude ticked higher after OPEC shelved production hikes through Q1 2026. WTI December futures: $61.05/barrel (+0.11%).

The Outlook Tech stocks are carrying momentum into Asian trading. The Thai market could find footing on the back of global risk sentiment, but watch for sector rotation—only 162 stocks gained while 313 declined Monday, suggesting selective strength rather than broad-based recovery. The 5.7B shares traded and 29.7B baht volume show typical Tuesday flows.