FRIDAY, March 29, 2024
nationthailand

Markets in Asia recover on news from China

Markets in Asia recover on news from China

With the exception of the Shanghai index and Nikkei Index, most Asian stock markets saw a rebound on Thursday after China announced it would not retaliate against USA, which is set to increase import tariffs on China with effect on September 1.

The Stock Exchange of Thailand on Thursday closed at 1,639.14, up 22.21 points or 1.37 per cent from Wednesday with a trade value of Bt59.62 billion. Meanwhile, foreign investors reported net sales of Bt1.41 billion.
Singapore’s Straits Times index closed at 3,081.83, up 25.36 points or 0.83 per cent from Wednesday while the Hong Kong Hang Seng Index closed at 25,703.50, up 88.02 points or 0.34 per cent. 
The Shanghai Index dropped 2.99 points or 0.1 per cent, closing at 3,028.60 and the Nikkei Index closed at 20,460.93, a drop of 18.49 points or 0.09 per cent. 
The SET index rebounded when China announces no retaliations against USA, Kasikorn Securities said. The top five stocks were PTT Plc, which closed at Bt43.25 per share, up 5.49 per cent, PTTEP (Bt121 per share, up 4.31 per cent), IVL (Bt34.25 per share, up 7.87 per cent), TOP (Bt68 per share, up 9.24 per cent, and PTTGC (Bt53.25, up 3.9 per cent).

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