Thailand’s SET Index closed at 1,466.67 points, increased 6.99 points or 0.48%, with a trading value of THB 67.65 billion. The analyst stated that the Thai market traded sideways-up with volatility. Supporting factors include the buying force in banking stocks and continued fund inflows. Rallies in tourism stocks also bolstered the Thai market today despite investors awaiting clarity in Thailand’s political situation and listed companies’ earnings reports.
For tomorrow, the analyst expects the Thai market to move sideways within range.
Thailand’s domestic swine prices took another hit over the past two weeks, dropping by 14% to stand at THB 55.5 per kilogram. The decline was attributed to persistent oversupply in the market, further exacerbated by promotional campaigns aimed at clearing inventories. In an effort to manage the oversupply, the Swine Raisers Association of Thailand has announced plans to reduce piglet supply by producing approximately 300,000 roasted suckling pigs over the next six months.
Japan is moving forward with a $36 billion investment in American oil, gas, and critical mineral projects as part of its trade pact with President Donald Trump’s administration. This outlay marks the first installment of the previously agreed $550 billion commitment and sets the stage for deepening economic engagement between the two countries.
Consumer price inflation in the United Kingdom slowed to 3% annually in January, declining from a 3.4% increase in December. The moderation in price growth, which aligns with market expectations, arrives as labor market data and weak economic output continue to reinforce expectations of an interest rate reduction by the Bank of England.
