Asia Stocks Face Volatile Session, Analyst Expects SET within 1,400-1,420pts
Asia Stocks Face Volatile Session, Analyst Expects SET within 1,400-1,420pts.
Asia Stocks Face Volatile Session, Analyst Expects SET within 1,400-1,420pts.
5 มิ.ย. 2563

Stocks in Asia were mostly traded lower on Friday, June 5, 2020, after a long rally this week in response to the reopening economy and lockdown easing.
 
As of 9:22 local time in Thailand (GMT+7), Nikkei plunged 0.32%, SSEC dipped 0.15%, HSI lost 0.05%, ASX 200 dropped 0.29%, while Kospi rose 0.39%.
Overnight, Dow Jones rose only 11.93 points or 0.05% to settle at 26,281.82 points. Meanwhile, S&amp;P 500 dropped 0.34% and Nasdaq lost 0.69%.
 
Yesterday, the European Central Bank approved an increase in its Pandemic Emergency Purchase Programme by 600 billion euros.
The U.S. Labor Department announced a consecutive decline of Americans filing for unemployment benefits. Last week the department recorded at 1.877 million. Still, the number was higher than a Dow Jones estimate of 1.775 million.
 
Finansia Syrus Securities expected SET Index to swing sideways within 1,400-1,420 points after a high surge for the last two sessions in response to the reopening economy. However, Asia markets still are expected to receive fund inflow from foreign investors and institutions, expecting a resistance level at 1,450 points.
 