Analyst Warns of Negativity in the Market over 2nd Wave of Covid-19, Asia Stocks Plunge!

Krungsri Securities had a negative view on SET Index in today’s trading session, expecting the index to drop to 1,370-1,375 points over concerns of the coronavirus second wave as new cases began to rise in China, Japan and many states in the U.S. after the lockdown easing measures.

The concerns also plunged crude prices due to worries over lower demand in case of a second wave. The negativity in oil prices could affect the energy sector and the overall investment outlook.

 

As of 9.24 local time in Thailand (GMT+7), Nikkei dipped 0.73%, SSEC edged 0.09% lower, HSI dropped 0.64%, ASX 200 fell 0.24% and Kospi lost 0.36%.