Outbreak causes SET jitters, but rubber gloves bounce
published :
8 Apr 2021 at 06:11
A security guard outside a bar located in Covid-19 stricken Thong Lor. (Photo by Somchai Poomlard)
A fresh round of Covid-19 infections in Bangkok has sparked fears of a prolonged lockdown, causing the SET Index to plunge 1.46% or by 23.10 points, closing at 1,556.56 points in trade worth 108 billion baht on Wednesday, propelling investors towards safe-haven assets like gold.
However, Asia Plus Securities executive vice-president Therdsak Taveeteeratham said the government would not announce a curfew. The brokerage expects authorities to control the situation.
Mongkol Puangpetra, executive vice-president of KTBST Securities (Thailand), said despite the surge of infections in Bangkok, the city's governor has already issued several measures to control the zones with high infections.