Thailand’s SET Index closed at 1,372.65 points, decreased 12.11 points or 0.87% with a trading value of 37.21 billion baht. The analyst stated that the Thai stock market decreased in tandem with the regional markets, as the index lacked supporting catalysts amidst the country’s challenging economic landscape. The downturn was also influenced by the selling off of power plant and communication stocks.
The analyst expected the Thai market to continue its downward trajectory tomorrow, with investors closely observing forthcoming policies from President-elect Donald Trump.
Thailand’s consumer price index (CPI) for December increased by 1.23% from the previous year, falling short of the 1.47% rise anticipated by analysts in a Reuters poll. Meanwhile, the core CPI, which strips out volatile food and energy prices, saw a 0.79% year-over-year increase, slightly below the forecasted 0.81%.
China’s services activity accelerated in December with the Caixin/S&P Global services purchasing managers’ index (PMI) showing an increase to 52.2 in December from 51.5 in November, surpassing the 50-mark that indicates expansion.
Japan’s service activity continued to expand in December, bolstered by robust demand and business growth. The final reading of the au Jibun Bank Service PMI rose to 50.9 in December from November’s 50.5. Despite missing a preliminary estimate of 51.4, the index remained in expansion territory for the second consecutive month.
Canadian Prime Minister Justin Trudeau may soon announce his resignation as prime minister and leader of the Liberal Party after nine years in office, though the final decision has not been made.
