Trade Talks

Asia stock markets traded mostly higher in the morning session on Thursday, September 12, 2019, after the U.S. President Donald Trump tweeted last night that the import tariff worth 250 billion dollars of Chinese goods that were set to levy on October 1 have now been delayed to October 15 “as a gesture of good will.” Trump delayed the tariffs after China exempted some of the U.S. import products from the list, aiming to increase the tariffs yesterday morning. As of 9:40 local time in Bangkok, Nikkei gained 0.89%, SSEC added 0.02%, ASX 200 upped 0.43% and Kospi rose 0.84% while HSI slipped 0.62%. SET closed on September 11 at 1,674.03 points, increased 8.10 points or 0.49% with a trading value of 71.2 billion baht. Analysts expected a positive outcome to be announced from this round of trade talks while seeing some of the securities that was traded lower during the time of negative sentiment from the trade war and economic slowdown might be able to rebound. Moreover, the meeting of ECB on September 12 and FOMC on September 17-18 should have a good outcome as well.