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Trump sued the court against the vote count after Biden approached victory.
The election of the US presidency is still unknown, the result may be lost in court.
On November 5, 2020, the journalist reported that the Thai stock index closed for afternoon trading at 1,264.32 points, an increase of +41.88 points (+ 3.43%), a trading value of 80,914, 90 million baht.
Results of the US elections How does it affect the Thai economy?
Thanomsak Saharatchai, deputy general manager and head of research at Krungthai Seamico Securities, said today that the Thai stock market rose in line with Asian stock markets moving into positive territory. In response to speculation that Mr. Joe Biden of the Democrats. There is a chance of winning in this American presidential election. Causing the acquisition of shares that benefit from Mr. Biden’s policy Which is in line with the economic stimulus policy Such as the acquisition of shares in the petrochemical group, the group of power plants And other groups in which the prices of the stocks have dropped significantly, like CPF, CPALL, until the Thai stock index has passed 1,230 and 1,250 points or more.
Also, it is believed that short-term funds would buy short-term funds as they follow the market momentum. With investors turning their small stock players into big players. But people still don’t dare to play stocks in the bank. Because of this group, when something happens, you are still ready to adapt. While the power station group, daring people who come to buy for the good dividend In this regard, investors still choose to invest in individual stocks. Today, we choose stocks that will benefit from the economic stimulus.
However, the market still has a waiting factor in the gradual announcement of the operating results of listed companies. And internal political factors that still have to follow the political rallies also have to follow up on the official results of the American elections. The Federal Reserve (Fed) meeting is unlikely to be anything. But stay tuned for today’s Bank of England (BoE) meeting, which waits to see what stimulus comes out. Because the UK has a lockdown after the COVID-19 outbreak.
Tomorrow’s Investment Outlook (Nov 6) Thanomsak said that the Thai stock market has a chance to rise. With a frame swing at 1,250-1,280 points
Information on the Role of the US Supreme Court After “Trump” Lawsuit for New Electoral Vote Counts
Analysis of the 4 key states, the last 6 points judge “Biden”, the new president of the USA.
Natthaphon Khamthakrai, Director of Securities Analysis, Yuanta Securities (Thailand) said that the Thai stock market rose more than 30 points this afternoon and continued to rise more than 40 points in the direction Same as the international market Asian stocks moved in territory positive about 2%, as was the European market trading this afternoon, plus 1%, as well as Dow futures, which had a 1% positive response to the prediction for the US presidential election. 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.
Ready to provide support at 1,247-1,250 points and resistance at 1,260 points.
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