Thailand’s SET Index closed at 1,354.07 points, increased 9.90 points or 0.74% with a trading value of 30.79 billion baht. The analyst stated that the Thai market exhibited an upward trend, buoyed by signals from US President Donald Trump urging the US Federal Reserve to consider rate cuts. Additionally, reports indicating a potential softening of punitive tariffs on China by Trump further bolstered market sentiment.
The analyst forecasts a sideways trading pattern in the Thai market for the upcoming week, with investors keenly observing the outcome of the Federal Reserve’s meeting.
Thailand’s Ministry of Commerce reported the sixth consecutive month of growth for exports in December, with a rise of 8.7% compared to the same period a year prior. The growth exceeded the market’s expectations of a 7.4% increase. Overall, the average export figure in 2024 exhibited an expansion of 5.4%.
The Monetary Authority of Singapore (MAS) revealed plans to slightly reduce the slope of the Singapore dollar nominal effective exchange rate (S$NEER) while reporting that the nation’s growth momentum is speculated to slow this year.
The Bank of Japan (BOJ) has escalated its interest rates to a level unseen since the 2008 financial meltdown, reaffirming its faith that sustained wage growth will help stabilize inflation near its desired 2% target.
This move marks the BOJ’s first rate increase since last July and follows closely the completion of President Donald Trump’s inauguration, a factor that may have significant implications for international policymakers wary of higher tariffs.
The United Nations said that the United States will withdraw from the World Health Organization on 22 January 2026, after a formal notification from President Donald Trump, who has been a long-time critic of the agency over its alleged mishandling of the pandemic and other international health crises.
At the World Economic Forum in Davos, Switzerland, on January 23, President Donald Trump addressed global leaders and business executives, promoting his agenda of boosting U.S. investments, reducing regulations, and implementing tariffs.
