Tuesday, July 07, 2020

Asian markets gain from easing of monetary policy

Feb 05. 2020
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By The Nation

SET and other Asian markets made further progress on Wednesday (February 5) amid the easing of monetary policy by central banks to fend off higher economic risks.

The Stock Exchange of Thailand (SET) closed at 1,534.14, up 14.76 points or 0.97 per cent over the previous day's with a trade volume of Bt67.45 billion.

Tisco Research said on Wednesday that the SET index could recover with support at 1,510-1,515 and resistance at 1,525-1,535.

Meanwhile, Bank of Thailand (BOT) cut its policy rate by 25 basis points, from 1.25 percentage points to 1 per cent on Wednesday.

Elsewhere in Asia, Japan’s Nikkei index closed at 23,319.56, up 234.97 points, or 1.02 per cent.

China’s Shanghai SE Composite index closed at 2,818.09, up 34.80 points, or 1.25 per cent, while Shenzhen SE Component index closed at 10,305.50, up 215.83 points, or 2.14 per cent.

Hong Kong’s Hang Seng index closed at 26,786.74, up 110.76 points, or 0.42 per cent.

South Korea’s KOSPI index closed at 2,165.63, up 7.73 points, or 0.36 per cent.

Taiwan’s TAIEX index closed at 11,573.62, up 17.70 points, or 0.15 per cent.

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