Thailand’s SET Index closed at 1,343.19 points, decreased 2.58 points or 0.19% with a trading value of 27.34 billion baht. The analyst stated that the Thai market traded narrowly with volatility. However, the analyst noted that the downside is starting to narrow, notably due to an increase in stock repurchasing activities by listed companies. This indicates that the market valuation in Thailand remains reasonable, while investors eagerly await catalysts to drive fund inflows back into the market.
The analyst projected that the Thai market would continue to navigate volatility in the upcoming trading session, with a keen eye on the US Federal Reserve’s meeting outcomes and forthcoming 2024 earnings releases from listed entities.
Australia’s annual trimmed mean gauge of consumer prices, which excludes volatile items, surged 3.2% in 4Q24, below the expected 3.3%. Core consumer prices increased by 0.5% on a quarterly basis, which also exhibited a lower figure than a forecast of 0.6%.
With core inflation decreasing lower than anticipated in the final quarter of 2024, there is a possibility of an interest rate cut as early as next month and exerting downward pressure on the currency.
Google’s maps division designated the United States as a ‘sensitive country’, a classification for states with strict governments and border disputes.
This followed President Donald Trump’s announcement regarding his plan to change the name of the ‘Gulf of Mexico’ into the ‘Gulf of America’ on official maps and federal communications. This also involved the renaming of ‘Mount Denali’ to ‘Mount McKinley.’
After the US government announced its national security evaluation regarding China’s DeepSeek, OpenAI warned that Chinese companies often try to tap into US rivals to improve their own artificial intelligence models.
However, the ChatGPT creator confirmed the progress on countermeasures to protect their IP and the collaboration with the US government to protect the best models or US technology from the reach of adversaries or competitors.
