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

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.

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