Thailand’s SET Index closed at 1,335.64 points, decreased 7.55 points or 0.56% with a trading value of 29.53 billion baht. The analyst stated that the Thai market exhibited a downward trend, mirroring the TIP markets (Thailand, Indonesia, and the Philippines), influenced by the US Federal Reserve’s cautious approach towards interest rate adjustments. As the central bank awaited additional economic indicators, the stance created a ripple effect on emerging markets, leading to the sell-off of electronic component stocks across various exchanges.
The analyst expected the Thai market to trade sideways tomorrow.
The BOI has approved three major investment promotion projects with a total investment exceeding THB170 billion, including two large-scale digital infrastructure projects.
For this year, the authority expects that world-leading companies will continue to invest in Thailand to meet the rising demand for digital technology in both Thailand and the ASEAN region, driven in particular by the rapid growth of AI, as well as Big Data storage and processing.
As per a Reuters report, the Bank of Thailand Governor noted that Thailand’s economy may experience slower growth, potentially falling below 2.9% this year, as the fourth quarter saw a drop in consumption, despite government efforts to stimulate growth with cash handouts.
The BOT had initially projected a 2.9% economic expansion for 2025, slightly under the finance ministry’s 3% growth forecast. However, the central bank chief acknowledged potential downside risks to this estimate.
The German economy dipped by 0.2% quarter-on-quarter in 4Q24. Analysts poll from Reuters forecasted the GDP to shrink by 0.1% when adjusted for price, seasonal, and calendar variation during the quarter.
Germany’s economy has been stagnating for a long time. Over the past two years, the nation’s GDP has largely hovered around flatline, although the economy has managed to avoid technical recession.
