Thailand’s SET Index closed at 1,186.61 points, increased 4.90 points or 0.41% with a trading value of THB 47.29 billion. The analyst stated that the Thai market traded with volatility and struggled to rebound due to lack of supporting factors. Even with increasing recommendations from foreign brokers, overseas investment still did not return.
Investors’ bearish sentiment can be largely attributed to lack of clarity on many government measures.
The analyst expected the Thai market to decline next week due to pressure from a trade war that could continue to escalate.
In an impressive boost to Thailand’s economic performance, exports soared by 14% year-on-year in February, as reported by the commerce ministry on Friday. This significant rise outpaced expectations, as a Reuters poll had anticipated a 9.7% increase. The latest data builds on a strong trend, with January having already seen a 13.6% growth.
The annual pace of Japan’s core Consumer Price Index (CPI) showed some moderation, dipping to 3.0% in February, yet still staying above the Bank of Japan’s (BoJ) steadfast 2% target. Since April 2022, this benchmark has consistently exceeded expectations.
Heathrow Airport in London was forced to shut down on Friday following a significant power disruption caused by a fire at an adjacent electrical substation, airport representatives confirmed.
Following a series of destructive activities against Tesla, US President Donald Trump issued a warning on his Truth Social that anyone found guilty of participating, or sponsoring, such activities could face up to twenty years in prison.
According to the Organisation for Economic Co-operation and Development (OECD), the outstanding government and corporate bonds around the world last year exceeded $100 trillion due to the rise of interest cost, especially between 2021 to 2024. Its member countries now paid about 3.3% of GDP on the interest, which is higher than their defence budget.
