The SET fluctuated downwardly early to midweek in line with other regional stock
markets amid sell-off of stocks in various sectors especially the energy sector
ahead of the FOMC meeting. However, the SET surged later on after the Fed
announced its decision to gradually reduce bond purchases as expected with no
rush on rate hikes, before paring some gains at the end of the week. In addition, banking shares rose substantially during this week on news
regarding the penetration of digital assets and financial
services abroad.
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