1) Thai stock market overview
Thailand’s SET Index closed at 1,667.12 points, increased 10.06 points or 0.61% with a trading value of 79 billion baht. The analyst stated that ICT, energy and electronics sectors led gains in today’s session, coupled with a positive outlook in the European markets after opening bells in the afternoon. In addition, the analyst recommended investors to monitor the U.S. inflation data and the Fed’s testimony, giving a support level at 1,675 points and a resistance level at 1,655 points.
Foreign Investors pushed SET Index higher by 10 points with a 1.5 billion baht of net buy.
2) AirAsia CEO expects air traffic to return soon after border reopening
AirAsia chief executive Tony Fernandes said that international travel will return to pre-Covid levels around six months as countries begin to reopen for tourists. In an interview with CNBC, the Malaysian airline CEO said that he believes that the Covid-19 situation is at the beginning of the end and noted that the recovery has already begun, seeding airplanes flying domestic Malaysia, Thailand and Indonesia, compared to none in 2020.
3) India approves electronic gold receipts as securities for trading
India has notified electronic gold receipts (EGRs) as securities and issued guidelines for their trading. According to a circular issued by India’s capital market regulator Securities and Exchange Board of India (SEBI) on Monday, EGRs with underlying standardized gold will be issued against physical gold, and they can be traded on the existing stock exchange as well as the proposed gold exchange.
4) U.S. reports 1.41 million Covid cases on Monday
The United States reported an additional 1.41 million Covid-19 cases in a day, breaking its previous world record of 1.01 million cases on January 3, 2022. Meanwhile, hospitalization also hit an all-time high at 136,604 based on Reuters tally.
