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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Indonesia has also agreed, for the first time ever, to COMPLETELY OPEN ITS MARKET TO THE USA. That’s BIG!!! Our businesses will make a fortune. Likewise Japan!”
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 statement about Indonesia opening its market to the USA could positively impact the stock prices of companies like Apple Inc, Boeing Company, and Tesla Motors, as they may benefit from increased market access and potential sales growth. The Industrial Select Sector SPDR Fund and Consumer Discretionary Select Sector SPDR Fund might experience gains due to potential boosts in industrial and consumer sectors from enhanced trade relations. Additionally, the iShares MSCI Indonesia ETF and iShares MSCI Japan ETF could see fluctuations as investors react to the anticipated economic effects of these market openings.
Here are some of the stocks that might be affected:
Apple Inc ((AAPL)),
Boeing Company ((BA)),
Tesla Motors ((TSLA)),
Industrial Select Sector SPDR Fund ((XLI)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)),
iShares MSCI Indonesia ETF ((EIDO)),
iShares MSCI Japan ETF ((EWJ)).