# Asian Markets Rally on Nvidia's Strong Earnings—Here's What Thailand's SET is Doing

Thailand's stock market is catching its breath after a brutal two-day selloff that wiped out 20+ points (1.6%). The SET is now hovering just above 1,270 and traders are betting Thursday opens green, riding the momentum from Wall Street's cautious recovery.

Here's the setup: **Nvidia just crushed earnings expectations**, and that's fueling risk appetite across Asia. The U.S. markets closed higher Wednesday (Dow +0.10%, S&P 500 +0.38%, NASDAQ +0.59%), shaking off AI bubble concerns that had hammered stocks to month-low levels on Tuesday.

**Thailand's Wednesday snapshot:**
- SET closed at 1,272.17, up 2.13 points (+0.17%)
- Mixed sectoral action: tech and consumer stocks bought, but food, resources, and industrials taking hits
- Volume: 6.254 billion shares traded worth 30.4 billion baht
- Gainers vs losers nearly split (202 gainers, 247 decliners)

**Notable movers:** TTB Bank popped 2.72%, Thai Oil surged 2.05%, but BTS Group tanked 2.26%, Thailand Airport crashed 2.44%, and Siam Concrete stumbled 1.88%.

The wildcard? Crude oil's 2% dive to $59.52/barrel signals oversupply concerns—watch energy stocks closely. Fed policy uncertainty persists (mixed views on rate outlook), but the early strength suggests traders are hunting for bargains after the selloff.

Bottom line: If Nvidia's earnings keep the rally going, Asia could see follow-through strength. SET has room to run if 1,280 becomes the new support.