Stocks in Asia traded lower on Thursday as investors grappled with the impact of the coronavirus outbreak that caused some countries or areas to re-enter a lockdown, while Dow Jones closed lower for the second day.
In the morning session on Thursday, Nikkei dipped 0.33%, SSEC slipped 0.21%, HSI dropped 0.53%, ASX 200 fell 0.07% and Kospi retreated 0.13%.
As for stateside, Dow Jones plunged 344 points or 1.16% to 29,438.42 points. S&P 500 dropped 1.16% and Nasdaq fell 0.82%. On the other hand, VIX Index rose 4.98%.
Krungsri Securities expected a slight retreat in the morning session for SET Index in the same direction of regional markets due to a spike of coronavirus cases in the U.S., resulting in more restriction of social distancing measures. The security company viewed Pffizer’s vaccine as a mid-term positive sentiment, while expecting a support level for SET Index at 1,340 points and seeing an opportunity to accumulate stocks.