Asia Stocks Bounce Back as a Ray of Light Shines over the U.S.-China Possible Trade Talk!

Stocks in Asia markets on August 27, 2019, traded higher after a positive sentiment of a “calm” trade talks between the U.S. and China to happen in the next few weeks.

 

After a salvo over the weekend, which caused Asia markets to plunge on Monday, August 26, China had finally said that the country was willing to have a “calm” negotiation with the U.S. Later, the U.S. President Donald Trump confirmed the matter, sending Dow Future to a gain before Wall Street started the trading session.

Dow Jones closed at 25,898.83, increased 269.93 points or 1.05%, S&P 500 gained 1.10% and Nasdaq added 1.32% while VIX lowered by 2.77%.

As of 9:30 local time in Thailand, NIKKEI hiked 1.18%, SSEC added 1.22%, ASX 200 increased 0.28%, KOSPI edged 0.84% higher while HSI dipped 0.11% from the unstable political situation.

Yesterday, SET closed at 1,622.73 points, dropped 23.95 points or 1.45% with a trading value of THB 64.69 billion.