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8 Jan 2021

Financial Markets

The Baht weakened later in the week while the SET rose above 1,500 points in the first week of the year


​The SET rose early in the week on institutional and foreign investor purchases as the government decided not to enforce a national lockdown. The Thai bourse was also supported by hopes of new economic stimulus measures. However, the SET dropped slightly around midweek before surging again during the rest of the week in line with other regional stock markets, as the US Congress has certified Joe Biden’s victory in presidential election and the Democrats won control of the Congress, raising hopes for a new round of US stimulus measures.

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Financial Markets