A ฿2.4bn Selloff from Institutions Sinks SET by 5pts as Trade Tension Haunts the Market
The total value of buying and selling separated by investor's type as of November 14, 2019.
The total value of buying and selling separated by investor's type as of November 14, 2019.
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– SET closed at 1,609.47 points, decreased 5.67 points or 0.35% with a trading value of 48.8 billion baht. The market plunged for the second day in a row after investors could not find a promising sign for the first phase trade deal between the U.S. and China. Meanwhile, CNBC reported that the U.S. is seeking stronger concessions from China on intellectual property protections and a cessation of forced technology transfer in exchange for rolling back tariffs on Chinese goods.
The Chinese industrial production data for October also missed forecasts, posting a growth of 4.7% YoY which was lower than the forecast at 5.4%.
– Institutions made a selloff for ฿2.4bn as the uncertainty of trade tension still haunts the market.