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2 May 2022

Financial Markets

The Baht was volatile while the SET continued to drop over-week

Thai stock dropped throughout the week. The SET faced sell-offs by foreign investors ahead of the FOMC meeting and continued to drop during the rest of the week in line with other stock markets. Although the Fed raised its policy rate by 0.50% as market predicted, and the Fed Chairman ruled out a 0.75% increase in interest rates, markets were pressured by concerns that the Fed would aggressively raise rates to curb U.S. inflation in the foreseeable future.       
On Friday, May 6, 2022, the SET closed at 1,629.58 points, down 2.27% over-week. The average daily trading value was THB72,389.74 million, down 4.35% over-week. The mai closed at 627.78 points, down 6.28% over-week.

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Financial Markets