Thailand’s SET Index closed at 1,467.42 points, decreased 14.25 points or 0.96% with a trading value of 57.22 billion baht. The analyst stated that the Thai stock market exhibited a significant downturn at the closing of the trading session, attributing it to various factors such as Donald Trump’s win in the presidential election, the depreciation of the Thai baht post US dollar strengthening, an uptick in bond yield, inflation pressures in the US from tariff escalations, and the likelihood of a reduced interest rate cut by the Federal Reserve. These elements collectively infused pessimism across the Asian markets.
The analyst anticipates further declines in the Thai market tomorrow, with expectations of volatile trading activities in the next 1-2 months. Investors remain watchful of the MSCI Index review scheduled for tonight, with hopes for an upgrade in the ratings of Thai stocks.
China is preparing for the outcome of the U.S. presidential election, with its analysts forecasting different challenges depending on the winner.
Republican candidate Donald Trump’s victory would likely bring intense rhetoric, increased tariffs, and potentially new trade deals involving Taiwan.
A leading British think tank said that the nation’s struggling economic growth rate could get cut in half if Donald Trump wins the U.S. presidential election and implements his tariff policy. Regardless of Trump’s tariff, Britain’s economic growth will continue slowing down to 1.2% in 2025, 1.1% in 2026 and reaching only a meager 1.7% in 2030.
Donald Trump celebrated his victory in crucial battleground states, including Pennsylvania, Georgia, and North Carolina, after Fox News projected the likelihood for him to become the 47th President of the United States. He expressed his vision for ushering in a new era, proclaiming it as the “golden age” of America and reaffirming his commitment to rejuvenating the nation, vowing to make it exceptional.
