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15 Jan 2021

Financial Markets

The Baht traded in a narrow range while the SET dropped on sell-offs of institutional investors


The SET fluctuated within a tight range early in the week while investors were monitoring the COVID-19 situation at home and abroad, before gradually surging until mid-week, thanks to the Thai government’s announcement of new economic stimulus measures to cope with the COVID-19 pandemic. However, the SET dropped later on sell-offs of institutional investors, especially in technology shares, partly due to concerns over the revision of the free-float standards. In addition, the US-China tensions also weighed on the SET, despite positive news regarding the US stimulus measures announced by Joe Biden at the end of the week.

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Financial Markets