SET Jumps 15pts to Welcome the Trade Deal between the U.S. and China!

The Stock Exchange of Thailand (SET) Index rose 15 points or 1.00% in 15 minutes after the opening bell with a trading value of 15.4 billion baht. The regional stock markets were also up in the morning session as well after the report of the US’ exemption on the upcoming import tariffs on Chinese products this Sunday.

Nikkei rose 2.43%, SSEC hiked 1.10% HSI jumped 1.74%, ASX 200 gained 0.56% and Kospi edged 1.30%.

 

Last night, a source reported that the U.S. had agreed on the exemption of imposing import tariffs worth $160 billion on Chinese products as well as a rollback on some earlier tariffs while Beijing promised to buy $50 billion worth of U.S. agricultural products in 2020.