A fresh round of Covid-19 infections in Bangkok has sparked fears of a prolonged lockdown, causing the SET Index to plunge 1.46% or by 23.10 points, closing at 1,556.56 points in trade worth 108 billion baht on Wednesday, propelling investors towards safe-haven assets like gold.
However, Asia Plus Securities executive vice-president Therdsak Taveeteeratham said the government would not announce a curfew. The brokerage expects authorities to control the situation.
Mongkol Puangpetra, executive vice-president of KTBST Securities (Thailand), said despite the surge of infections in Bangkok, the city’s governor has already issued several measures to control the zones with high infections.
Mr Mongkol believes…
