Thailand’s SET Index closed at 1,361.77 points, increased 9.24 points or 0.68% with a trading value of 43.95 billion baht. The analyst stated that the Thai market increased, supported by an uptick in banking stocks following favorable 2024 earnings releases. Moreover, electronic component stocks demonstrated an upward trajectory, aligning with the global tech sector’s performance, after US President Donald Trump revealed his intentions regarding investments in AI infrastructure.
The analyst anticipates a sideways trading pattern in the Thai market the following day, with investors closely monitoring President Donald Trump’s forthcoming policy announcements.
Bank of Japan Governor Kazuo Ueda is poised to elevate interest rates on Friday to levels not seen since 2008, following a relatively stable reaction from global financial markets after the return of U.S. President Donald Trump to the White House.
The hike would mark Ueda’s third rate increase within a year, reversing a 17-year trend with no rate hikes before March 2024.
China has introduced a range of measures aimed at stabilizing its stock markets, including plans to enhance pension fund investments in domestic listed companies. These steps come in response to the uncertainties posed by the return of Donald Trump as U.S. President.
The China Securities Regulatory Commission (CSRC) disclosed that the central authorities have issued guidelines to ensure market stability and facilitate the influx of medium to long-term capital.
The CSRC also aims to encourage large state-owned insurers to increase their investments in A-shares and urge listed firms to expand their share buybacks.
President Donald Trump announced discussions on imposing a 10% tariff on China, potentially set to take effect as soon as February 1, citing the country’s role in fentanyl distribution to the U.S. via Mexico and Canada.
He explained the tariff strategy as a response to the synthetic opioid crisis, with fentanyl contributing to thousands of overdose deaths annually in the United States.
Moreover, Trump also announced a joint venture with OpenAI, Oracle, and SoftBank to invest billions of dollars into the United State’s artificial intelligence infrastructure.
