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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Heading back to Washington, D.C. after a Historic trip to Asia! “President Donald J. Trump Brings Home More Billion Dollar Deals During State Visit to the Republic of Korea” “President Donald J. Trump Drives Forward Billions in Investments from Japan” “President Donald J. Trump Secures Peace and Prosperity in Malaysia””
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s announcement of securing billion-dollar deals during his Asia trip could positively impact the stock market, particularly benefiting ETFs like iShares MSCI Japan ETF and iShares MSCI South Korea ETF. The potential influx of investments and economic cooperation with Japan and South Korea may boost investor confidence, leading to increased demand for these ETFs. However, the actual market reaction will depend on the specifics of the deals and broader geopolitical factors.
Here are some of the stocks that might be affected:
iShares MSCI Japan ETF ((EWJ)),
iShares MSCI South Korea ETF ((EWY)).