Major stock markets in Asia traded in a mixed session on Thursday, November 11, 2021, after the U.S. last night announced that the consumer price index jumped to a three-decade high in October with a 6.2% increase from a year ago.
Thailand’s SET Index opened at 1,631.70 points, increased 1.23 points or 0.08%.
As of 10:15 local time in Thailand, Nikkei rose 0.75%, SSEC rose 0.54%, Hang Seng Index dipped 0.23%, ASX 200 fell 0.92% and IDX Composite rose 0.063%.
Mr. Suwat Sinsadok, Managing Director of FSS International Investment Advisory (FSSIA), through “Kaohoon Jor Talad Program” on November 11, 2021, stated that foreign investors have been returning to Asian stock markets as the outlook in 2022 should be brighter than this year, especially Thailand that the focus for foreign fund would be in the reopening stocks rather than energy stocks. The outlook from November to the first quarter of 2022 should be an uptrend and SET Index could hit 1,700 points by January. Mr. Sinsadok focused on hotel, hospital, aviation and commerce stocks for his reopening theme, adding that the majority should remain at a loss in 1Q22, breakeven at mid-year and book profit in 3Q-4Q22.
