India, Nov. 9 -- The Thai stock market on Monday snapped the two-day losing streak in which it had tumbled more than 35 points or 2.3 percent. The Stock Exchange of Thailand now sits just above the 1,470-point plateau and it's likely to open higher again on Tuesday.

The global forecast for the Asian markets is upbeat on sinking oil prices and rebounding technology shares. The European and U.S. markets were sharply higher and the Asian bourses are expected to open in similar fashion.

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