Will Trump's attendance at the ASEAN summit affect stock prices?

**Trump's attendance at the ASEAN summit is unlikely to have a direct impact on stock prices**, as the event itself does not directly influence market dynamics. However, his presence could have indirect effects through the broader geopolitical and economic implications of his attendance.

1. **Geopolitical Shifts**: Trump's attendance could signal a shift in US-ASEAN relations, potentially leading to changes in trade policies or alliances. This could have long-term effects on regional dynamics and economic partnerships, which might influence investor sentiment over time.
2. **Trade Announcements**: The announcement of revised tariffs on Malaysian goods, which is expected to occur following Trump's meeting with Anwar Ibrahim, could have a more direct impact on stock prices. Such announcements can lead to volatility in affected industries and markets.
3. **Market Expectations**: Investors are already anticipating the outcome of Trump's tax and spending bill, which could have a significant impact on the economy and stock markets. The anticipation of this bill's passage has already influenced market sentiment, with the Nikkei index of Japan's shares falling as much as 1.3% due to the yen's rise against the dollar, which is bad for exporters.
4. **Economic Data**: The upcoming U.S. employment data, which is expected to influence the sentiment regarding the timing of Fed rate reductions, could also impact stock prices. This data is more likely to have a direct effect on markets than Trump's attendance at the ASEAN summit.

In conclusion, while Trump's attendance at the ASEAN summit itself may not affect stock prices, the geopolitical implications, trade announcements, and market expectations associated with his attendance could have indirect effects on stock markets. Investors should monitor these developments closely, especially the tariff announcements and the economic data, which are more likely to influence market dynamics.