Thailand’s SET Index closed at 1,188.41 points, decreased 15.31 points or 1.27% with a trading value of THB 45.01 billion. The analyst stated that the Thai market continued the downward trend due to disappointing 4Q24 performance from listed companies, and major selloffs in DELTA, ADVANC, BBL, and CPALL weighing the index down.
Meanwhile, concerns over U.S. trade war and retaliatory measures from affected countries also contributed to the index decline.
For tomorrow, the analyst expected the Thai market to trade sideways.
On Monday, Prime Minister Paetongtarn Shinawatra held a discussion with Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance (MOF), and Prommin Lertsuridej, Secretary-General to the Prime Minister, following a Cabinet meeting.
The discussions focused on the progress of economic stimulus measures aimed at boosting GDP growth by 3-3.5%, as assigned to the Finance Minister.
China’s factory activity recorded its most rapid expansion in three months during February, with a reading of 50.8. The figure exceeded expectations from a Reuters poll of 50.3 and improved from January’s 50.1 and December’s 50.5.
This upturn was attributed to the return of millions of migrant workers post-Lunar New Year holiday.
European leaders have devised a strategy to present a unified Ukraine peace proposal to the United States, according to British Prime Minister Keir Starmer. This initiative is considered crucial for the U.S. to extend security guarantees to Kyiv, which views such assurances as pivotal in deterring Russian aggression.
In a strategic move to align with the burgeoning cryptocurrency sector, President Donald Trump on Sunday announced plans to initiate a “crypto strategic reserve,” incorporating key digital assets like Bitcoin and Ethereum.
