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Bangkok Post

Business

THE TRUTH ABOUT: Floating trade views amid balloon snafu - The Untold Story

ING Thailand United States China Poonpong Naiyanapakorn TPSO America Carolina IPEF Samsung

Intensified competition and technological polarisation between the US and China arising from escalated tensions has the potential to both benefit and damage Thailand.

Geopolitical tensions are expected to ratchet up after American jets downed four flying objects in the past 10 days, including a suspected Chinese spy balloon off the Carolina coast on Feb 4.

Brokerage ING said in a note on Feb 6 the incident could exacerbate the "tech war" and would have a negative near-term impact on China's yuan currency.

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