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.
