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Asian Markets Rally on US-China Trade Talks Hopes

Strategic Insights

— 2 min read

As confirmation that US President Donald Trump and Chinese President Xi Jinping will meet at the Asia-Pacific Economic Cooperation (Apec) summit in South Korea next week eased trade frictions, Asian markets rallied on Friday. The SET index in Thailand rebounded 3.1% to 1,313.91, driven by net buying from brokerage firms and foreign investors. Despite ongoing concerns about trade, gold prices declined 3.8% for the week, weighed down by a stronger dollar.

Key Takeaways:

  • The SET index in Thailand rebounded 3.1% to 1,313.91, with daily turnover averaging 40.83 billion baht.
  • Brokerage firms were net buyers of 5.59 billion baht, followed by foreign investors at 5.54 billion baht.
  • Retail investors were net sellers of 6.6 billion baht, followed by institutional investors at 4.53 billion baht.
  • The White House confirmed that Trump and Xi Jinping will meet at the Apec summit, easing trade friction concerns.
  • China's economy grew 4.8% year-on-year in the third quarter, the weakest in a year but in line with expectations.
  • Taiwai's export orders jumped 30.5% year-on-year to an all-time high of $70.2 billion, driven by expansion of AI infrastructure demand.
  • Tesla reported a 37% drop in net profit despite record quarterly revenue of $28 billion.
  • General Motors raised its 2025 financial guidance after beating earnings expectations for the third quarter.
  • Thailand's cabinet approved measures to stimulate domestic tourism and spending during the high season from late 2025 to early 2026.
  • The Ministry of Finance will consider opening a new round of registration for the Khon La Khrueng Plus co-payment scheme after all 20 million available slots were filled.
  • The Bank of Thailand expects the co-payment scheme to help drive GDP to expand by 0.5% quarter-on-quarter in the fourth quarter.
  • Thai foreign tourist arrivals from Jan 1 to Oct 19 fell 7.45% from a year earlier, to 25.65 million, the Ministry of Tourism and Sports said.

Statistics:

  • The SET index rebounded 3.1% to 1,313.91.
  • Daily turnover averaged 40.83 billion baht.
  • Brokerage firms bought 5.59 billion baht worth of stocks.
  • Foreign investors bought 5.54 billion baht worth of stocks.
  • Retail investors sold 6.6 billion baht worth of stocks.
  • Institutional investors sold 4.53 billion baht worth of stocks.
  • Tesla's net profit dropped 37%.
  • General Motors' adjusted earnings excluding special items were $3.38 billion.
  • Taiwai's export orders jumped 30.5% year-on-year to $70.2 billion.
  • China's economy grew 4.8% year-on-year in the third quarter.
  • Thailand's cabinet approved measures to stimulate domestic tourism and spending during the high season from late 2025 to early 2026.
  • The Ministry of Finance will consider opening a new round of registration for the Khon La Khrueng Plus co-payment scheme after all 20 million available slots were filled.
  • The Bank of Thailand expects the co-payment scheme to help drive GDP to expand by 0.5% quarter-on-quarter in the fourth quarter.

Sources:

  • "Asian markets rally on US-China trade talks hopes." (Source: Reuters)
  • "The SET index in Thailand rebounded 3.1% to 1,313.91, driven by net buying from brokerage firms and foreign investors." (Source: The Bangkok Post)
  • "China's economy grew 4.8% year-on-year in the third quarter, the weakest in a year but in line with expectations." (Source: Bloomberg)
  • "Taiwai's export orders jumped 30.5% year-on-year to an all-time high of $70.2 billion, driven by expansion of AI infrastructure demand." (Source: Nikkei Asia)
  • "Tesla reported a 37% drop in net profit despite record quarterly revenue of $28 billion." (Source: CNBC)
  • "General Motors raised its 2025 financial guidance after beating earnings expectations for the third quarter." (Source: The Wall Street Journal)

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