Thailand’s SET Index closed at 1,338.90 points, increased 4.45 points or 0.33%, with a trading value of THB 44.73 billion. The analyst stated that the Thai market climbed slightly due to tailwinds from petrol stocks, which benefited from surging crude prices, as well as foreign fund inflows from a weakening U.S. dollar.
Furthermore, there were speculative actions on tourism stocks after Chinese arrivals had risen week-on-week.
For tomorrow, the analyst recommends investors closely monitor the Federal Reserve meeting scheduled tonight for interest rate policy direction.
Car manufacturing in Thailand increased by 8.6% year-on-year in December, accompanied by a notable surge in domestic sales driven by electric vehicle demand.
SoftBank Group is engaged in discussions to potentially invest up to $30 billion more in OpenAI as the Japanese conglomerate seeks to bolster its presence in artificial intelligence.
Indonesian equities posted steep losses, declining 4.6%, following MSCI’s announcement of a temporary halt on index updates for Indonesian stocks. The move has raised concerns among investors and sparked fears of sizable capital outflows from the market.
