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18 Jan 2019

Financial Markets

The Baht hit an 8-month high while the SET faced institutional investor sell-offs


            The SET index dropped over-week, ending at 1,583.77 points, down 0.83% over-week. The average daily trading value was THB43,972.09 million, that being 2.69% lower. The mai closed at 357.62 points, decreasing 1.20% over-week.
            The SET index fell early in the week amid concerns toward global economic slowdown after the US and China reported the lower-than-expected economic data. Institutional investor sell-offs also affected the market. However, the SET index recovered somewhat during the rest of the week along with foreign stock markets, supported by the news that U.S. may lift tariffs on Chinese imports.   

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