Market Update 03/02
Jesus…
-6% for the year, well there you go, it isn’t called amazing thailand for no reason. And that’s before today’s massive drop.
Domestically, there’s been the continual noise on owners or the “value investors” that are being hit with margin calls, then you throw in the CPALL noise CPALL issues statement amidst 7-Eleven buyout speculation , get the market worried about DELTA with DEEPer SEEKing (I’m feeling very clever about this) for a bottom with some funny news from China about AI and finally, Trumpy is back with the tariff noise. Let’s see how far this goes, in the group chat some are saying as low as 1,240 before recovering.
peter satrapa-binder
Trump with the tariff noise + targeted countries with the reciprocal tariff noise. it looks to be fun this year. or maybe in the next 4 years.
Pon
It could very well be…
peter satrapa-binder
Especially as Trump’s next tariff target may be the EU. And i would guess that sometime down the lane it may well be South East Asia’s time to be targeted by tariffs too.
Pon
Papa’s back in town.
If SE Asia, it’s Vietnam most at risk as they have the largest on paper (-70, TH is -33). But two factors may prevent tariffs against them 1) On the border with China 2) The Vietnam War (or perhaps this is no longer a reason for the US to be kind to VN…)
peter satrapa-binder
I am not sure whether t/rump would make a difference between the various south east asian countries or just lump them together wholesale.
Pon
Massive difference…each country has its role to play.
Peter Satrapa-Binder
Sure… but does trump know that?
Pon
I’ll send him a tweet and let you know.
peter satrapa-binder
Thx! 🙂