Asian Stock Markets Cheer after a Report of Next Round Trade Talks in Early October!

China’s Ministry of Commerce said on the morning of Thursday, September 5, that the trade representatives from both said namely, Chinese Vice President Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, had held a phone call and agreed to meet and negotiate in early October.

The announcement had eased the trade war tension, sending Dow Jones Future up while stocks in Asia also traded higher after a rise yesterday in response to the official announcement of extradition bill from Hong Kong Chief Executive Carrie Lam.

 

As of 9:30 local time in Thailand, NIKKEI jumped 2.44%, SSEC soared 1.43%, HSI rose 0.49%, ASX 200 gained 1.03% and KOSPI upped 1.23%.

Yesterday, SET closed at 1,658.64 points, increased 16.39 points or 1% with a trading value of 64.8 billion baht. Analyst expects SET still have a small gap to gain while setting a support level at 1,650-1,640 and resistance level at 1,670-1,680.