Thailand’s SET Index closed at 1,456.47 points, decreased 8.22 points or 0.56% with a trading value of 39.74 billion baht. The analyst stated that the Thai stock market exhibited a downward trend with low volume, mirroring the regional markets. This was influenced by apprehensions surrounding Trump’s policies and China’s inflation data failing to meet expectations, sparking concerns about a potential slowdown in the Chinese economy.
The analyst expected the Thai market to trade sideways tomorrow, while investors awaited the announcement of inflation data from the US coming this Wednesday.
Japanese lawmakers voted on Monday to retain Shigeru Ishiba as Prime Minister, despite a scandal that caused his coalition to lose its majority in the lower house.
On October 1, Ishiba secured his position in the snap election despite significant disadvantages. His party, the Liberal Democratic Party, and its coalition partner, Komeito, lost the majority they had held since 2012, leaving Ishiba reliant on support from opposition parties to pass key legislation.
Goldman Sachs highlighted that the return of Donald Trump in his second term as the President of the United States has sparked concerns about the possibility of escalated tariffs on China and potentially on other Asian nations.
Although the U.S. bilateral trade deficit with China has slightly decreased during the Trump administration, deficits with other Asian exporters have seen a significant increase and could potentially face heightened scrutiny.
Neel Kashkari, President of the Minneapolis Federal Reserve, warns that Trump’s deportation plan could disrupt the economy, but its ultimate impact would depend on the details of the policies.
Donald Trump has vowed to carry out a large-scale deportation of unlawful immigrants in the U.S. as part of his presidential campaign.
