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2 Aug 2021

Financial Markets

The Baht and SET pressured by risks of COVID-19 at home


The SET dropped on sell-offs of banking, financial and energy shares by investors to reduce their risk positions due to the worsening domestic COVID-19 situation, slow and confusing vaccine rollout, plus concerns towards the more stringent measures to cope with the COVID-19 situation. However, the Fed’s decision to maintain its accommodative monetary policy at its latest meeting during the week briefly helped boost regional stock markets and support the SET.  

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Financial Markets