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Bangkok Post
Bangkok Post
Business

SET rides Asian market upswell

Asia Jerome Powell US Federal Reserve Thailand China Sun Chunlan United States Covid-19

The Stock Exchange of Thailand (SET) joined an Asian rally yesterday, a day after Thailand lifted its key interest rate, as investors took heart from the Federal Reserve chairman's remarks on US rate hikes and signs China is easing its Covid-19 measures.

The SET Index proved buoyant, attributed to improving economic data as the Bank of Thailand's Monetary Policy Committee raised its policy rate by 0.25%, in line with the market consensus, to 1.25%.

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