Daily Strategy: FSS Expects Omicron Concerns Eased, Warning of Fed’s Move on QE and Rates

Major stock markets in Asia traded mostly lower on Friday despite Wall Street closing higher overnight, while Dow Jones Futures indicated a loss as investors were monitoring the U.S. job report for November.


On December 3, 2021, Thailand’s SET Index opened at 1,595.14 points, increased 3.30 points or 0.21%.

As of 10:10 local time in Thailand, Nikkei fell 0.22%, SSEC rose 0.18%, Hang Seng Index dropped 0.97%, ASX 200 slipped 0.08% and IDX Composite dipped 0.19%.

Over the night, Dow Jones closed 1.82% higher at 34,639.79 points, S&P 500 increased 1.42% and Nasdaq rose 0.83%.

Meanwhile, Dow Jones Futures dropped 116.9 points or 0.32% to 34,522.90 points.


Mr. Kantara Ladawan na Ayutthaya, executive director of Finansia Syrus Securities (FSS), through “Kaohoon Jor Talad Program” on December 3, 2021, expected the SET Index is moving on a sideway-up trend, but warned that the U.S. Fed should fasten its pace on lowering QE and faster-than-expected rate hike amid high inflation. Meanwhile, he believed that concerns over omicron are easing, despite finding a case in Thailand, there should not be any lockdown or a cause to concern. In addition, Mr. Ladawan still weighs his positive outlook on Thai banks due to their resilience.