Bangkok Post – SET index rises amid signs of interest rate cut

The Stock Exchange of Thailand (SET) index rose above 1,400 points on Wednesday as investors believe the Bank of Thailand issued a clear sign it is ready to cut interest rates later this year to shore up the economy, after it held rates unchanged at its meeting.

The index shot up to 1,401 points in early trade on Wednesday, following an increase of 0.94% on Tuesday, with foreign investors net buyers of Thai shares for four consecutive days. The index closed at 1,398 points midday.

In afternoon trade, the bourse accelerated above 1,400 points again.

Paradorn…