Virus outbreak casts pall over Asian markets
The Stock Exchange of Thailand (SET) closed at 1,573.70 on Thursday (January 23), for a decrease of 0.89 points and 0.06 per cent over the previous day.
Daily trade volume was Bt61.98 billion, with an index high of 1,577.92 and a low of 1,567.10.
Tisco Financial Group had predicted a swing between a support level of 1,565-1,570 and a resistance level of 1,585.
Contributing factors are concerns about the Wuhan coronavirus, an expected delay in disbursing the budget for fiscal 2020 and a lowered project for world economic growth from the International Monetary Fund.
Elsewhere in Asia:
Japan’s Nikkei Index closed at 23,795.44, down 235.91 points or 0.98 per cent.
China’s Shenzhen SE Component Index fell to 10,681.90, down 390.15 or 3.52 per cent.
The Shanghai SE Composite Index closed at 2,976.53, down 84.23 or 2.75 per cent.
Hong Kong’s Hang Seng Index closed at 27,909.12, down 431.92 or 1.52 per cent.
South Korea’s KOSPI Index closed at 2,246.13, down 21.12 or 0.93 per cent.