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.
– 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.
