Fed raised rates by 0.25% to 3.75-4.00% as expected, signaling one more hike possible by year-end. Thai equity market expected to consolidate with short-term recovery potential; support at 1,550-1,555 SET points, resistance at 1,575-1,580. Rising US yields pressure interest-rate-sensitive stocks but favor banks (BBL, KBANK, KTB) and life insurers (TLI, BLA). Brokers recommend selective stock-picking and dollar-cost averaging on dips, pending BOJ meeting Sept 18.
← Back to all articles