A Huge Sell-Off from Inst. and Foreigners with a Total of ฿5.6bn Plunges SET by 24 pts
The total value of buying and selling separated by investor's type as of August 26, 2019.
– SET closed at 1,622.73 points, decreased 23.95 points or 1.45% with a trading value of THB 64.69 billion. Today, the SET Index declined in the same direction as the regional market due to the trade tension between the U.S. and China.
On Friday, August 23, 2019, China said that it will retaliate by imposing additional tariffs of 5% – 10% on U.S. products. Later, Trump salvoed back at China by demanding U.S. companies to cut ties with China and announced that he would raise tariffs again. 250 billion dollars worth of Chinese products will be imposed with 30% tariffs, up from 25% to be effective on October 1. However, China opened to “Calm” negotiation, saying no winner amid the escalation of the trade war.
Dow future edges higher near 1% after Trump confirmed a calling from China to renegotiate.
– Institutions and Foreign Investors net sold Thai shares by THB 5,573.36 million while Individuals net bought with a total of THB 4,730.32 million.
