Thai Stocks Poised for Rebound After Four-Session Slide; SET Sits Below 1,290

Thailand's SET index may halt its four-session losing streak on Wednesday, with the benchmark resting just below the 1,290-point plateau after shedding more than 30 points, or 2.4 percent, over the run. The index finished Tuesday down 10.77 points, or 0.83 percent, at 1,288.58 after trading between 1,286.83 and 1,297.85. Volume totaled 10.371 billion shares worth 38.247 billion baht, with 391 decliners against 110 gainers and 159 unchanged. Financial, industrial, property, resource, service and technology shares led the decline, while Charoen Pokphand Foods surged 3.96 percent and Energy Absolute plunged 5.56 percent. The regional lead is mildly positive after Wall Street closed higher Tuesday, though investors are holding fire ahead of Friday's U.S. employment data. The Dow rose 0.41 percent to 39,331.85, the NASDAQ gained 0.84 percent to 18,028.76 and the S&P 500 added 0.62 percent to 5,509.01. West Texas Intermediate crude fell $0.57, or about 0.7 percent, to $82.81 a barrel.