Thailand’s SET Index closed at 1,344.17 points, decreased 17.60 points or 1.29% with a trading value of 34.48 billion baht. The analyst stated that the Thai market decreased sharply as investors implemented a “sell on fact” strategy concerning banking stocks, alongside pressure on energy stocks due to declining oil prices. Additionally, there was a selloff of stocks to manage risk in anticipation of an upcoming announcement from US President Donald Trump during the World Economic Forum 2025 via video conference, contributing to prevailing uncertainties.
The analyst expected the Thai market to trade sideways tomorrow.
Japanese exports climbed for the third consecutive month in December, with the figure exhibiting an increase of 2.8% compared to the same period last year, aided by a weaker yen that bolstered shipment values.
This growth surpassed the median market forecast of 2.3%, although it represents a deceleration from the 3.8% rise recorded in November.
South Korea released its advance Q4 GDP figure, which fell short of expectations, as sluggish performance in consumption and the construction industry led to a year-on-year growth rate dipping to a six-quarter low of 1.2%.
The figure missed the economists’ projected 1.4% expansion, showing weaker growth compared to the 1.5% increase observed in the third quarter of 2024.
Although concerns about the potential for a new trade war and domestic inflation remain, JPMorgan Chase CEO, Jamie Dimon, stated that President Donald Trump’s proposed tariffs could protect US interests and bring trading partners back to the negotiating table for better deals, if used correctly.
A survey published by the American Chamber of Commerce (AmCham) in China showed that more than half of the American businesses in Beijing, the highest level in five years, raised concerns over the deteriorating bilateral relationship between the world’s two economic superpowers.
368 AmCham China member companies participated in the survey, with major concerns being geopolitical tensions, policy uncertainties, and trade disputes.
