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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