1) KSS expects Thai stock market to test next resistance level amid positive sentiment
Krungsri Securities (KSS) expected Thailand’s SET Index to test 1,600-1,610 resistance level amid a rally in regional markets and foreign flows coming to the region. However, the analyst expected low trading volume and recommended investors to monitor the upcoming release of US inflation data for March. KSS recommended speculative buy.
2) China’s inflation in March eased
China’s inflation for March eased to its lowest level in more than a year amid falling in food and non-food prices.
The consumer price index rose 0.7% in March, compared to an expectation of a 1% increase. Prices also slowed down from 1.0% in February, according to the data released by the National Bureau of Statistics.
Meanwhile, the producer price index plunged deeper by 2.5% year-on-year, further than a 1.4% decline in February, but in line with expectations.
3) Bank of Korea maintains rate at 3.50%
South Korea’s central bank decided to keep its policy rates unchanged for a second consecutive time, stating that inflation remained the prime policy target even as the country’s economic growth would probably miss its projection.
The central bank maintained its base rate at 3.50% as expected by analysts and economists.
The Bank of Korea expected its economic growth this year to slow further below its earlier projection of 1.6% from last year’s 2.6%.
