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2 Jul 2021

Financial Markets

The Baht hit a near 14-month low, while the SET faced sell-offs amid concerns towards COVID-19 situation


The recovery in the Thai stock market was limited despite some positive factors, including government’s measures to assist employees and employers in areas where some economic activities are restricted, purchases of banking stocks before the release of 2Q21 performance and the opening of Phuket Sandbox. These supportive factors helped boost the SET index during the week. However, there were negative factors dragging the Thai stock bourse this week, including the worsening COVID-19 situation and slow vaccination rate at home, plus stock sell-offs by foreign investors.

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Financial Markets