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7 Mar 2022

Financial Markets

The Baht weakened while the SET dropped amid escalating Ukraine crisis


    The SET dropped sharply at the end of the week to 1,671.72 points, down 0.49% over-week. The average daily trading value was THB98,867.13 million, down 1.14% over-week. The mai closed at 630.96 points, down 0.59% over-week.
    The SET fluctuated before dropping at the end of the week. Although the Thai bourse benefited from foreign investors’ continuous purchases, especially energy shares that were boosted by rising global oil prices, and the Fed Chairman’s speech, which signaled that the Fed may raise interest rates by 0.25% this month if the US inflation does not rise higher than expected, it dropped sharply at the end of the week in line with foreign stock markets amid increased tensions between Russia and Ukraine, and the COVID-19 situation at home.  

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Financial Markets