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8 Nov 2019

Financial Markets

The Baht hit a 3-week low, while the SET rebounded on hopes of US-China trade deal.



          The SET index rose over-week, ending at 1,637.85 points, up 2.85% over-week. The average daily trading value was THB59,041.52 million, up 2.96% over-week. The mai closed at 332.63 points, up 2.86% over-week.

          ​The SET index rose early in the week on institutional investor purchases amid optimism about the signing of US-China trade deal within this month, before dropping slightly around midweek after the BOT decided to cut its policy interest rate. However, the SET index surged again, after a spokesperson for China's Commerce Ministry said that China and US have agreed to cancel trade tariffs in phases, but it then pared gains somewhat at the end of the week as some details about the signing of a trade deal remained unclear.

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Financial Markets