1) Thai stock market overview
Thailand’s SET Index closed at 1,682.11 points, decreased 6.25 points or 0.37% with a trading value of 47 billion baht. The analyst stated that the Thai stock market moved in the same direction as global markets in concerns of the Fed hiking the rates above 5% after the U.S. reported strong job market that led to strong dollar and bond yield, which pressured the stock market.
The analyst noted the selloff in big-cap stocks also weighed the market down.
2) Thailand’s Headline Inflation Slows to 5.02% YoY in January
Data released by Thailand’s Commerce Ministry on Monday showed that the country’s headline consumer price index (CPI) climbed 5.02% in January from a year earlier, which was lower than what was expected by economists.
The January result came after a 5.89% gain in December and was lower than the 5.12% increase predicted by a Reuters poll. In January, the core CPI index rose 3.04% from the same month a year ago, below the 3.10% increase that had been anticipated.
3) GULF, Singtel, and AIS Kick Off the Establishment of the New Data Center
GULF, Singtel, and AIS commence the construction of the new 20+ MW data center, which will be operated by GSA Data Center Company Limited (GSA), the joint venture between the three companies. It is poised to be the best-in-class hyperconnected data center with state-of-the-art technologies, a high level of security systems, efficient energy management, and the incorporation of renewable energy to reduce its carbon footprint.
The data center will serve the greater demands of enterprises and cloud service providers in Thailand and overseas, in line with the rapid growth of digital infrastructure in the region. The data center is scheduled to begin commercial operations in 2025.
4) Taiwan exports likely shrink 20% in January for fifth straight months
Taiwan’s exports may have declined for the fifth consecutive month in January, amid fears of a global recession, the fallout from the Russia-Ukraine war, and the COVID situation in China that affected technology demand, according to a Reuters poll.
Taiwan was a major global chip manufacturing hub, a major supplier to Apple Inc., and one of the leading exporters of technology goods.
The exports were predicted to shrink 20% in January from the previous year, faster than the 12.1% annual contraction that happened in December, as shown by 18 analysts in a Reuters poll.
The consumer price index is expected to increase 2.69% in January, higher than the previous year, but slower than the 2.71% annual rate in December, according to the poll.
