Display mode (Doesn't show in master page preview)

29 Oct 2021

Financial Markets

The Baht strengthened, while the SET dropped along with regional stock markets


The SET dropped sharply early in the week in line with other regional stock markets, and on news regarding sub-variants of the Delta strain found in Thailand, plus sell-offs of institutional and foreign investors. The SET then rose briefly before dropping again from midweek due to the lack of new supportive factors​, plus sell-offs of technology and energy/petrochemical stocks (following the drop in global oil prices. In addition, investors reduced their risky positions ahead of the upcoming FOMC meeting, and this also pressured the market, as investors expected that the Fed will announce its QE tapering plan.   

View full article

Financial Markets