On Monday morning (1 Apr, 9:50 AM, GMT+7, Bangkok time), most major indices in Asia Pacific increased as China’s manufacturing activity in March grew to 50.8 from 49.1 in February and beat expectations from economists polled by Reuters of 49.9. Meanwhile, Japan’s 1Q24 business sentiment among large manufacturers dropped to +11 from +12. Australian and Hong Kong markets were also closed for Easter Monday.
South Korea’s KOSPI rose by 0.31% to 2,755.09, while Japan’s NIKKEI slumped by 1.5% to 39,765.22.
As for stocks in China, Shanghai’s SSEC gained 1.16% to 3,076.45, and Shenzhen’s SZI jumped by 2.49% to 9,635.35.
Krungsri Securities (KSS) expected Thailand’s SET Index to continue fluctuating, while investors are waiting for catalysts to push the market further. The analyst expected the SET Index to move 1,365-1,390 points this week, while investors will monitor progression of the THB10,000 digital-wallet scheme. The analyst also recommended investors to monitor Thailand’s inflation data, expected to be reported April 5 that has been falling for three months in a row.
Meanwhile, The US markets were closed due to the Good Friday holiday.
