Krungsri Securities (KSS) expected Thailand’s SET Index to move within the range of 1,365-1,380 points. The analyst stated that despite a positive sentiment from rising crude oil prices after a tightening of production by Russia, concerns over Thailand’s economic growth could pressure the index amid fund outflows.
An official data indicated that tourist arrivals in February came in at 3.35 million, up from 3.04 million in January. The total number for the first two months is 6.39 million, which is 88% of the first two months in 2019.
Chinese arrival was 48% of 2019’s January level and 64% of 2019’s February level.
An unofficial number showed that 8.07 million tourists came to Thailand as of March 17.
The share prices of AMD and Intel were down over 3% premarket after news broke out that China will block use of their chips for their government computers and will focus more on domestic chipmakers instead.
This is another tit for tat between Beijing and Washington after the latter continued to ban high-end chips and equipment from shipping to China, which bodes poorly on the chipmakers.
China is a significant market for these tech companies. Intel generated around 27% of its revenue from mainland China, while 15% of AMD’s revenue came from China.
