SET Index is at risk of a negative session as the U.S. has closed the ballot and begun the counting for the popular vote in the 2020 presidential election.
Based on the data compiled by “Kaohoon Online” on the previous three presidential elections, SET Index always fell the next day of the U.S. election (the next trading day in Asia begins when the U.S. starts the ballot counting on the election day).
The Dow Jones Industrial Average showed a positive response on the election day of 2008, 2012 and 2016. However, two out of three times, the index plunged one month after the election date.
Even though SET Index always slipped on the next time due to the time zone, the index fell off just for the slightest, while the previous two out of three times, the index bounced back after one month.