Malaysia Emerges Alongside Thailand And Asia’s Leading Tourism Markets As Airport Hubs Redraw Travel Routes

• Economist Erik Brynjolfsson reports that the AI-driven transformation of work is in its early stages and that global institutions are currently unprepared for the shift. • Data indicates that nearly 50% of companies worldwide are not yet replacing repetitive, manual tasks with artificial intelligence.

• Krungsri Securities expects Thai stocks to consolidate as investors await an upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping. • The firm recommends focusing on healthcare and utility stocks, specifically highlighting BDMS, GULF, and GPSC as favorable picks amid falling oil prices.

• Asian stock markets showed mixed results on Wednesday as investors awaited a meeting between Donald Trump and Xi Jinping. • South Korea's KOSPI rose 0.2% driven by a nearly 2% jump in Samsung Electronics shares, while Nikkei 225 Futures fell 0.5%.

• Most Asian currencies remained stable on September 23 as traders monitored tensions between the US and Iran. • South Korea's won outperformed other regional currencies due to strong semiconductor exports and a widening current account surplus.

• Gold prices dropped below the $4,300 per ounce support level recently due to a stronger U.S. dollar and higher bond yields. • The metal fell nearly 2% in a single day to trade at $4,279.80 an ounce.

• European stocks declined recently as a lack of progress regarding peace between the US and Iran drove up oil prices and bond yields. • Market volatility increased as investors reacted to the stalled diplomatic efforts and the resulting rise in energy costs.

• Gold prices fell to nearly $4,290 during the early Asian trading session on Thursday. • The price drop followed hawkish signals from Federal Reserve policymakers that increased expectations for further interest rate hikes.

• The Organisation for Economic Co-operation and Development raised India's GDP growth projection for the current fiscal year on Wednesday. • The new forecast increases the growth projection by 80 basis points to 7.1 per cent.

• Thailand pitched its data center initiatives and economic reforms to global investors during a Bank of America roadshow in New York. • PIMCO expressed interest in financing Thai data centers through loans or corporate bonds and encouraged the government to issue US dollar-denominated bonds.

• Wall Street's main indexes traded lower on Wednesday due to rising crude prices and government bond yields. • Microsoft plans to invest over $10 billion in cloud and AI infrastructure across the UAE, Saudi Arabia, Qatar, and Kuwait by 2030.

• U.S. Treasury yields surged on Wednesday as government debt costs climbed due to multiple economic factors. • The 10-year note yield reached 5.125%, a peak not seen since before the global financial crisis.