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27 Jul 2021

Financial Markets

The Baht hit a new 15-month low, while the SET dropped on concerns over COVID-19 situation


The SET dropped sharply early in the week after the government imposed more stringent COVID-19 measures in new areas, triggering sell-offs across all sectors, especially banks and financial services, plus energy (which was pressured by declining global oil prices after OPEC and its allies agreed to boost oil output.) The SET rebounded somewhat during the week on purchases of banking shares, due to better-than- expected performance results in 2Q21. However, the SET dropped again at the end of the week amid concerns over the COVID-19 situation.  

Financial Markets