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SET edgy over mystery virus, budget delay

Jan 22. 2020
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By The Nation

The Stock Exchange of Thailand (SET) closed at 1,574.59 on Wednesday (January 22) for a decrease of 0.35 points and 0.02 per cent over the previous day.

Daily trade volume was Bt72.91 billion, with an index high of 1,580.34 and a low of 1,566.86.

Stock analysts predict a further decrease before a rebound, due to recent news about the first coronavirus case identified in the US – which could hurt Thai tourism – economic recession in Hong Kong and a possible delay in disbursing Thailand’s budget for fiscal 2020.

Markets elsewhere in Asia on Wednesday:

Japan’s Nikkei Index closed at 24,031.35, up 166.79 points or 0.70 per cent.

China’s Shanghai SE Composite Index closed at 3,060.75, up 8.61 or 0.28 per cent.

Hong Kong’s Hang Seng Index closed at 28,341.04, up 355.71 or 1.27 per cent.

South Korea’s KOSPI Index closed at 2,267.25, up 27.56 or 1.23 per cent.

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