The SET rose early in the week on
better-than-expected Thailand’s GDP report for 3Q-2020, before dropping
slightly amid concerns towards the domestic political situation. However, the
SET soared again around midweek, supported by optimism towards the development
of COVID-19 vaccines, S&P Global Ratings’ decision to maintain Thailand’s
sovereign credit rating and the view that the Bank of Thailand’s measures to
manage the strengthening baht was not as strict as expected.
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