Asia Stocks Edge Higher over Trump’s Conditions, Expecting New Economic Boosting Measures

Stocks in Asia extended their gains on Tuesday as the U.S. President Donald Trump returned to White House, easing concerns over his coronavirus conditions.

 

As of 9:20 local time in Thailand (GMT+7), Nikkei rose 0.38%, HSI increased 0.71%, ASX 200 gained 0.04% and Kospi advanced 0.52%. Meanwhile, the stock markets in China remained close for holidays.

 

Last night, the president’s doctors discharged Trump from Walter Reed National Military Medical Center to return to the White House after treating the president’s coronavirus symptom since last Friday.

Nevertheless, Trump will continue to receive treatment for the coronavirus while he works in the White House.

 

Tisco Securities’ analyst expected SET Index to move in a sideway to sideway up trends after investors eased up on the reports of Trump’s health conditions. Moreover, the surge over 6% in crude oil overnight would give the energy and petrochemical stocks a push, while the market is expecting another economic stimulus package from the Economic Situation Management Center tomorrow.

The analyst expected SET’s support level for today’s session at 1,236-1,230 points and a resistance level at 1,250-1,260 points.