Stocks in Asia Mixed, Investors Focus on Thailand after Covid-19 Cases Nearly Hit 10,000!
The Thai stock market could plunge heavily on Monday due to the report of a record high new coronavirus cases nearly 10,000 cases.
Stocks in Asia were mixed in the morning session on Monday, May 17, 2021, with a hiccup from a missing Chinese retail sales growth in April.
As of 9:27 local time in Thailand, Nikkei dropped 0.69%, SSEC rose 1.03%, SSEC gained 0.76%, ASX 200 increased 0.47% and Kospi fell 0.29%.
The National Bureau of Statistics reported Monday that retail sales rose 17.7% in April, compared to the same period of last year, but missed the expectations of 24.9% growth. The figure was also lower than the retail sales in March at 34.2%.
However, investors in Thailand might turn to focus on the rising domestic coronavirus cases today that made a record high at 9,635 cases in which 6,853 cases are from prisons. There are also 25 new deaths and 1,397 patients have returned home. Thailand has a total of 82,219 confirmed cases and a total of 614 deaths.