Tuesday, August 04, 2020

SET and Asia stocks rally, boosted by US-China trade deal

Dec 13. 2019
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By The Nation

The Stock Exchange of Thailand Index edged up about 1 per cent in morning trade, rising to 1,578.43, or up 0.93 per cent at 10.54am Bangkok time.

Tisco’s market insight suggested it could be the right time for short-term traders to enter the market . The index has high chance to rise further next week provided it maintains its position at 1,570-1,575, said Tisco Financial Group, adding that SET 100 shares prices including AMATA, BJC, Intuch, Centel, Planb, PTG, Ratch and WHA, which have been down since late last month, may also have a chance to recover. SCC, Kbank, PTT and PTTEP shares, earlier the target of short sales, could also rise according to Tisco.

Shares in major market across Asia also rose sharply following the jump of US stocks. Japan’s Nikkei 225 jumped more than 2 per cent, South Korea’s Kospi rose about 1.3 per cent and China’s Shanghai composite index was up 1.2 per cent.

White House, Chinese negotiators reach trade deal in principle

Global stock markets have been boosted by news reports suggesting that US and China have reached a trade deal and the UK election, where exit polls put the Conservatives firmly in the lead.


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