Thailand’s SET Index closed at 1,262.07 points, decreased 24.67 points or 1.92% with a trading value of THB 48.14 billion. The analyst stated that the Thai market plunged due to pressure from the selloff of DELTA and CPALL, with no positive factors supporting growth, as such the index continues its decline.
The analyst expected the Thai market to trade sideways tomorrow.
The Thai headline consumer price index (CPI) increased by 1.32% year-on-year in January, staying within the central bank’s target of 1% to 3%. This result followed a 1.23% rise the previous month and matched the 1.30% increase anticipated in a Reuters poll.
Thailand’s Prime Minister Paetongtarn Shinawatra visited China and engaged in talks with President Xi Jinping, with a focus on bolstering bilateral ties amid a climate of global uncertainty.
This visit aligns with the 50th anniversary of diplomatic relations between China and Thailand and comes at a time when concerns were raised over online fraud and safety issues.
The U.S. Department of State said that the Panamanian government has agreed to allow free passage for U.S. government vessels, a move that could save millions of dollars annually.
However, the claim was later denied by the Panama Canal Authority, as it responded in a statement that the crossing fees and rights would remain unchanged.
