For SET, virus fears outweigh Brexit milestone

This is despite a decision by the Federal Open Market Committee to maintain the interest rate at 1.75 per cent and the European parliament’s approval of a Brexit arrangement.
But the coronavirus outbreak – which has resulted in 170 deaths and 7,736 infections, more than SARS in 2002-2003 – remains a “worrying situation” that makes investments risky, Krungsri said.
The safe-haven assets are US bonds, gold and foreign fund flow with a net shell for consecutive five days and around Bt8 billion in value, it said.
There are also jitters over news that the Constitutional Court is to consider whether the budget bill for fiscal 2020 is invalid due to an alleged voting irregularity, which could further delay budget disbursements.
The SET Index on Wednesday closed at 1,525 points, rebounding by 11.30 point or 0.75 per cent, and the trading value was Bt64 billion. 
Net foreign investment was Bt2.758 billion.