Dow Jumps 2,000pts Overnight in Hopes of Stimulus Plans, Asia Stocks Follow the Step

Dow Jones made a historic rebound over the night by 2,112.98 points or 11.37% to close at 20,704.91 points as massive stimulus plans from the government to fight the impact from coronavirus were expected to come out soon.

Over the night Dow Jones made its highest one-day percentage gain since 1933, and its biggest point gain ever. Meanwhile, the S&P 500 also rose 9.38% and Nasdaq jumped 8.12%.

It had been reported that the House and Senate were close to reaching $2 trillion stimulus plans to support the economy from the damage done by the spreading of coronavirus.

 

Stocks in Asia also have positive responses in the morning of March 25, 2020. Nikkei rose 5.56%, SSEC gained 1.85%, HSI hiked 3.45%, ASX 200 edged 3.19% higher, Kospi jumped 4.74%.

Yesterday, the Thai Cabinet had approved stimulus plans to aid Thai economy, especially workers without social security benefits. However, the market did not seem to have a positive nor negative response over the plan. The analyst expected that SET Index could move in the range of 1,000-1,100 points. SET closed at 1,033.84 points, increased 9.38 points or 0.92% with a trading value of 64.1 billion baht.