SET Index Falls 24pts in the Morning Session as Negative Sentiment Pressures the Market
SET Index closed the morning session 24.19 points lower or a drop by 1.47% to 1,624.27 points amid concerns of new Covid-19 variant.
Thailand’s SET Index closed the morning session 24.19 points lower or a drop by 1.47% to 1,624.27 points with a trading value of 60 billion baht on November 26, 2021, amid all negativity across the global equity market.
As of 12:39 local time in Thailand, Nikkei fell 2.87%, SSEC slipped 0.77%, Hang Seng Index plunged 2.51%, ASX 200 decreased 1.73% and IDX Composite edged 1.44% lower.
Meanwhile, Dow Jones Futures dropped 1.38%, S&P 500 fell 1.17% and Nasdaq slipped 0.75%.
Negative sentiment is spreading across the market after South African scientists detected more than 30 mutations to the spike protein, a tool that helps a virus to enter the cell, a new Covid-19 variant that could have implications for vaccine efficacy and transmissibility.
The international benchmark Brent crude fell 2.46% to trade at $80.20 a barrel, while the West Texas Intermediate (WTI) plunged 3.06% to $75.99 a barrel.