Thailand’s SET Index closed at 1,262.27 points, increasing 4.79 points or 0.38% with a trading value of THB 52.61 million. The analyst stated that the Thai market traded sideways in the positive territory. Despite a strong headwind coming from DELTA and AOT selloffs, the majority of capital flew toward big-cap stocks in the banking sector.
In addition, the tailwind also came from positive sentiment due to pending details from the Finance Ministry regarding the establishment of the second Thai ESG fund in 1Q25, which would help easing the selloff of LTFs.
For tomorrow, the analyst expected the Thai market to maintain the trend, with pressure from DELTA and AOT expected to subside, while investors will closely observe the Fed’s meeting tonight.
Thailand’s feed industry is planning to shift its suppliers of agricultural commodities to the United State with around $2.8 billion worth of purchases, aiming to reduce its $35 billion trade surplus and stave off potential tariffs on Thai exports.
Hong Kong’s population has grown slightly by 0.1% in 2024 to approximately 7.53 million as the number of newborns in Hong Kong and expats in the city has been rising. Furthermore, this expansion also marks the third consecutive year of growing population.
Annual inflation in the U.K. rose to 3% in January, surpassing the 2.8% reading predicted by economists polled by Reuters.
This jump follows a dip in the consumer price index (CPI) to 2.5% in December and a three-year low of 1.7% in September, driven by rising fuel costs and increased service fees.
US President Donald Trump announced his plan to impose a 25% tariff on auto from the neighboring countries and a similar import tariff on semiconductors and pharmaceuticals.
