Maybank Securities (Thailand) (MST) expected Thailand’s SET Index to move in a sideways to sideways-up trend without a catalyst from international markets to boost the Thai stock market. Fed officials yesterday opined that the central bank would continue maintaining the rates, which was in line with the market expectations.
Meanwhile, the 1Q24 GDP was better-than-expected, following strong 1Q24 earnings by listed companies, which should support the Thai stock market to edge higher.
South Korea’s total exports in the first 20 days of May increased by 1.5% year-on-year, with the country experiencing a significant surge in chip exports, which rose by 45.5% year-on-year during the same period. Additionally, the daily average exports during the first 20 days recorded a growth of 17.7% year-on-year.
Furthermore, South Korea saw a 1.3% year-on-year increase in exports to China and a 6.3% year-on-year increase in exports to the United States during the first 20 days of May.
Microsoft has revealed plans to introduce new Surface PCs that comply with its Copilot+ standard designed for operating artificial intelligence models. These PCs will be powered by Qualcomm’s Arm-based chips, offering extended battery life. Additionally, Microsoft will release PCs equipped with AMD and Intel chips alongside the Qualcomm-powered devices.
Cryptocurrency markets are experiencing a notable surge driven by substantial weekly inflows into Spot Bitcoin ETFs and a surprising development suggesting that spot Ethereum ETFs could possibly be approved on Thursday.
