Asia Stocks Open Higher ahead of the U.S. Election, FSS Expects Energy Sector to Rebound

Stocks in Asia opened with a jump on Tuesday after Dow Jones gained 423 points last night ahead of the election day.

 

As of 9:15 local time in Thailand (GMT+7), Nikkei jumped 1.39%, SSEC rose 0.66%, HSI advanced 1.76%, ASX 200 soared 1.99% and Kospi increased 1.63%.

Last night, stocks in the U.S. market kicked off November with a huge gain, trying to recover from a loss last week and bracing for the U.S. presidential election. The final poll stated that the former vice president Joe Biden garnered 52% of support from registered voters versus 42% for the incumbent Donald Trump.

 

Finansia Syrus Securities expected SET Index to move in line with regional markets in positive territory within 1,200-1,215 points after a plummet last week. The security company also expected the energy sector to drive the market due to a huge rebound in oil prices.