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21 Jan 2022

Financial Markets

The Baht strengthened while the SET faced sell-offs ahead of the FOMC meeting


    Thai SET dropped sharply over-week, ending at 1,652.73 points, down 1.19% over-week. The average daily trading value was THB90,965.01 million, up 8.24% over-week. The mai closed at 661.85 points, down 2.99% over-week.
    The SET rose briefly early in the week on hopes that the government would relax some COVID-19 control measures. However, the SET gradually dropped during the rest of the week in line with other stock markets as investors were concerned about the fact that the Fed would tighten its monetary policy at a much faster pace and greater extent than expected following the surge in US treasury bond yields. With no new supportive factors, the SET faced sell-offs mainly from foreign and institutional investors ahead of the FOMC meeting.

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Financial Markets