Thai S&P Global Manufacturing PMI (Feb) 53.50 (Prev. 52.70, Rev. From 52.7)
The Thai S&P Global Manufacturing PMI for February came in at 53.50, an increase from the previous reading of 52.70 and a revision from 52.70.
Goldman Sachs estimates an USD 18/bbl real-time risk premium in crude oil prices and sees impact moderates to + USD 4/bbl if only 50% of Strait of Hormuz flows are impacted for one month
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Realtek Semiconductor (2379 TT) FY (TWD) net income fell 4% Y/Y to 14.8bln, sales rose 8% Y/Y to 122.7bln
Thai S&P Global Manufacturing PMI (Feb) 53.50 (Prev. 52.70, Rev. From 52.7)
Taiwan is to hold an energy security meeting on Tuesday, according to Commercial Times
[MARKET UPDATE] Asia-Pac stocks are pressured with all focus on geopolitics after the US conducted strikes against Iran, which then retaliated against the US and allies in the Gulf
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This improvement suggests a strengthening manufacturing sector, which could indicate positive momentum in economic activity and support the case for a more favorable outlook on growth and potential monetary policy adjustments.
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