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9 Jul 2021

Financial Markets

The Baht hit a near 15-month low, while the SET dropped on the worsening COVID-19 situation at home


The SET rose early in the week after the Cabinet approved the proposed procurement of more vaccines before dropping sharply later in the week on sell-offs of stocks in many sectors, especially the banking and energy sectors. Negative factors that dragged the SET were the worsening COVID-19 situation at home, which triggered concerns among investors about the announcement of tighter COVID-19 containment measures and the introduction of a tax on stock trading by investors. However, the SET rebounded somewhat at the end of the week.   

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Financial Markets