AP PHOTOS: Same-sex couples in Thailand share their joy over new marriage equality law

BANGKOK (AP) — It's a big day for LGBTQ+ couples in Thailand.

On Thursday, they gained the legal right to register their marriages, making it the first country in Southeast Asia and the third place in Asia to recognize same-sex unions, after Taiwan and Nepal. In central Bangkok, a popular shopping mall held a daylong gala to help accommodate the hundreds of same-sex couples who wanted to register their marriages on the very first day.

Thailand has a reputation for acceptance and inclusivity but struggled for decades to pass a marriage equality law. Thai society has broadly conservative values, and members of the LGBTQ+ community say they face discrimination in everyday life, while also saying they've seen great improvement in recent years.

The marriage equality bill was officially written into law on Sept. 24, after it was endorsed by King Maha Vajiralongkorn.

The government led by the Pheu Thai party made marriage equality one of its main goals after coming to power in 2023. It had a major presence at the annual Bangkok Pride parade in June, with thousands of people celebrating in one of Bangkok’s busiest commercial districts.

The Associated Press spoke with seven same-sex couples in the days before the law took effect:

“This law doesn’t only equate life. It is life! At long last, Thailand’s society accepts the legality of all marriages in our land, regardless of sexual orientation. With that one sentence, lost or wasted lives have been rescued. Spirits restored. The whole country is better off.” — Jakrapob Penkair

“The marriage equality law will bring about a multitude of positive outcomes, especially by providing greater security and legal assurances for our relationships, including better access to health care and other protections. I’m truly happy this day has finally become a reality,” — Prorawin Battemdee

“The enforcement of the marriage equality law is proof that regardless of our gender, we all share the same basic human rights in every aspect under Thai law. It also paves the way for other countries in Asia, highlighting the importance of recognizing each other’s human values and enabling everyone to live.” — Kullayahnut Akkharasretthabudh

“This law will grant both of us the right to take care of each other, legally sign consent for the other’s medical treatment, and provide each other with lifelong security. When one of us dies, the law will ensure that our bond is recognized and protected.” — Chantamas Hemapanpairo

"We’re quite fortunate. We have a supportive social circle, friends, and family who accept us for who we are and accept the person we love. Marriage, it seems, isn’t everything that fulfills us emotionally. “However, ultimately, we believe that as two human beings, we should be granted the same basic legal rights as heterosexual couples. We are a complete family in spirit, but legal recognition would alleviate our future anxieties. In the end, we aren’t asking for anything special — we just want a simple, happy family life.” — Patherine Khunnares

“Before the marriage equality bill became law, I personally felt that I could only use the word ‘partner.’ But from now on, it’s ‘family.’ — Jutarat Chuenpae

“The marriage equality law allows everyone’s lives to complete each other without any further discrimination.” — Panuwat Srisawat

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FILE - Participants hold a rainbow flag during the Pride Parade in Bangkok, Thailand, June 1, 2024. (AP Photo/Sakchai Lalit, File)

Panuwat Srisawat, 35, hair creative, left, and Kritsanai Promsiriruk, 62, actor, stand for a portrait in Bangkok, Thailand, Sunday, Jan. 12, 2025. (AP Photo/Sakchai Lalit)

Nutanong sopon, 43, left, and Jutarat chuenpae, 37, both business owners, hold hands and jump for a photograph in Bangkok, Thailand, Sunday, Jan. 12, 2025, (AP Photo/Sakchai Lalit)

Patherine Khunnares, 37, web designer, left, and Vivian Chullamon, 36, researcher, stand for a photograph in Bangkok, Thailand, Sunday, Jan. 12, 2025. (AP Photo/Sakchai Lalit)

Chantamas Hemapanpairo, 52, business owner, and Sirada Thongchua, 38, teacher, pose for a portrait in Bangkok, Thailand, Sunday, Jan. 12, 2025. (AP Photo/Sakchai Lalit)

Juthatip Suttiwong, 24, chef, left, and Kullayahnut Akkharasretthabudh, 38, real estate owner, pose for a portrait in Bangkok, Thailand, Saturday, Jan. 11, 2025, (AP Photo/Sakchai Lalit)

Pitee Chuchomchuen, 39, designer, left, and Prorawin Battemdee, 40, public relations officer, pose for a photograph in Bangkok, Thailand, Saturday, Jan. 11, 2025. (AP Photo/Sakchai Lalit)

Jakrapob Penkair, right, 57, former Prime Minister's Office minister, and Supraipon Chuaychoo, 44, tourism business owner, sit for a photograph in Bangkok, Thailand, Saturday, Jan. 11, 2025. (AP Photo/Sakchai Lalit)

NEW YORK (AP) — The U.S. stock market is slipping Thursday after oil prices resumed their climb.

The S&P 500 fell 0.3% and is on track for a fourth drop in five days after setting its all-time high. The Dow Jones Industrial Average was down 83 points, or 0.2%, as of 1:01 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.

A halt in the torrid run for stocks benefiting from the artificial-intelligence boom has slowed the U.S. market recently. Not even another better-than-expected profit report from Nvidia was enough to kick it back into gear.

The chip company reported stronger profit and revenue for the latest quarter than analysts expected, while also forecasting revenue for the current quarter that cleared analysts’ estimates. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” CEO Jensen Huang said.

But such performances and such talk have become routine, and Nvidia's stock swiveled between losses and gains before falling 1.4%.

Some analysts said the weakness may have simply been because investors were locking in profits after Nvidia’s stock had soared nearly 70% over the prior year, more than double the S&P 500’s 27% jump. The broad AI industry is also getting criticism for becoming too expensive, as well as too circular as Nvidia has bought ownership stakes in companies that use its own chips that drive Nvidia’s revenue.

Pressure built on Wall Street, meanwhile, as the price for a barrel of Brent crude oil climbed 1.7% to $106.81 and trimmed its loss for the week. Oil prices have been swinging up and down with uncertainty about how long the war with Iran will keep the Strait of Hormuz shut, which is preventing oil tankers from exiting the Persian Gulf to deliver crude.

The higher oil prices pushed Treasury yields upward in the bond market, resuming rises following a slowdown the day before.

Climbing yields have cranked up the pressure on financial markets worldwide. They're slowing economies and weighing on prices for stocks and all kinds of other investments. Besides driving up rates for mortgages, high yields could also curtail companies’ borrowing to build the AI data centers that have been supporting the U.S. economy’s growth recently.

The yield on the 10-year Treasury rose to 4.61% from 4.57% late Wednesday.

It had gotten near 4.63% in the morning, after a report gave the latest signal that the U.S. job market remains in better shape than economists expected. The number of U.S. workers applying for unemployment benefits last week unexpectedly declined in an indication of fewer layoffs.

But yields eased a bit following a mixed preliminary report showing weaker-than-expected growth for business activity among U.S. services businesses and improved growth for U.S. manufacturers. Companies are feeling the effects of accelerating inflation and are seeing subdued growth in their order books, the preliminary data from an S&P Global survey said.

“The damaging economic impact from the war in the Middle East is becoming increasingly evident in the business surveys,” according to Chris Williamson, chief business economist at S&P Global Market Intelligence.

Inflation is worsening even beyond the high oil prices caused by the Iran war, while U.S. households are showing widespread discouragement about the economy.

Elsewhere on Wall Street, Walmart fell 7.2% following its profit report. The retailer delivered another quarter of impressive revenue but offered up weaker forecasts for upcoming profit than analysts expected.

On the winning side of Wall Street was Ralph Lauren, which jumped 12.2% after reporting stronger profit and revenue for the latest quarter than analysts expected.

In stock markets abroad, indexes were mixed in Europe following bigger moves in Asia.

South Korea’s Kospi Kospi soared 8.4% thanks to strength for technology stocks. Samsung Electronics jumped 8.5% after its labor union and management reached an agreement late Wednesday that averted a strike. SK Hynix, a chip company partnering with Nvidia, surged 11.2%.

Tokyo’s Nikkei 225 jumped 3.1%, while indexes fell 1% in Hong Kong and 2% in Shanghai.

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

Trader Aaron Ford works on the floor of the New York Stock Exchange, Thursday, May 7, 2026. (AP Photo/Richard Drew)

Trader Edward McCarthy works on the floor of the New York Stock Exchange, Wednesday, May 13, 2026. (AP Photo/Richard Drew)

A Global Medical Response helicopter sits in front of the New York Stock Exchange before the planned IPO of GMR Solutions, Inc., Wednesday, May 13, 2026. (AP Photo/Richard Drew)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 18, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2026. (AP Photo/Ahn Young-joon)

A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won, left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2026. (AP Photo/Ahn Young-joon)