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22 May 2020

Financial Markets

The Baht rose, but the SET dropped at the end of the week on US-China tensions


  • The SET fell sharply at the end of the week, ending at 1,303.97 points, up 1.81% over-week. The average daily trading value was THB67,424.64 million, up 22.26% over-week. The mai closed at 273.67 points, up 3.78% over-week.
  • The SET rose early to midweek on the second phase of Thailand's reopening plan, which started from May 17. In addition, the SET was supported by the progress on development of COVID-19 vaccine and the reduction of policy rate by the BOT's MPC in order to boost Thailand's economy. However, the SET dropped during the rest of the week amid concerns over the impact of COVID-19 and renewed tensions between US and China.  ​


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Financial Markets