The SET dropped sharply around midweek on sell-offs
of foreign investors amid concerns about the COVID-19 situation at home and the
direction of US interest rates, as US Treasury Secretary said interests may
have to rise. However, the SET rebounded during the rest of the week, supported
by additional domestic stimulus measures and the Stock Exchange of Thailand’s
announcement on the delay in introducing its new calculation method for the SET
index (full market capitalization is still adopted), which stimulated the
purchase of some large-cap stocks, especially technology sector.
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