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The afternoon Thai stock market continued to rally strongly from the morning session. Breaking through 1,260 key resistance points to push the index over 40 points, in line with the rebounds of global stock markets, Joe Biden predicted from the Democrats. There is a chance of winning in this American presidential election. This should ease the trade dispute between China and the United States.
At 3:20 p.m., the SET index stood at 1,252.59 points, 30.15 points more (+ 2.47%).
At 3:50 p.m., the SET index was at 1,262.72 points, with an increase of 40.28 points (+ 3.30%).
Natthaphon Khamthakrou, Director of Securities Analyst at Yuanta Securities (Thailand), said that the Thai stock market rose more than 30 points this afternoon in line with the international market. Asian stocks moved into positive territory around 2%, as did the European market trading this afternoon, plus 1%, as well as Dow futures, which had a 1% positive response to the prediction for the election. presidential elections Mainly behind Joe Bai. Den has a chance to win the election this time. They are seen to ease the trade war between the United States and China.
Stay tuned for tomorrow’s Federal Reserve meeting and nonfarm employment figures. You should also follow up on the announcement of the operating results of listed companies for the third quarter of 2020.
