BANGKOK: The Thai stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had gathered more than 15 points or 1 percent. The Stock Exchange of Thailand now rests just beneath the 1,590-point plateau, and the market is looking at a narrow trading range again on Thursday. The global forecast for the Asian markets provides little clarity as global political uncertainties capped support from crude oil prices. The European and U.S. markets were mixed but little changed and the Asian markets figures to follow suit. For the day, the index gained 6.77 points or 0.43 percent to finish at 1,589.29.
The Dow dipped 35.95 points or 0.2 percent to 20,054.34, while the NASDAQ edged up 8.24 points or 0.2 percent to 5,682.45 and the S&P 500 crept up 1.59 points or 0.1 percent to 2,294.67. Ongoing political uncertainty in both Europe and the U.S. may also have kept some traders on the sidelines on the day. Traders also kept an eye on the price of crude oil, which saw some volatility over the course of the trading session. Crude for March delivery edged up $0.17 to $52.34 a barrel after hitting a high of $52.67 a barrel and a low of $51.22 a barrel.
