Rates, weak currency continue to weigh on SET

The Bank of Thailand’s policy rate hike of 0.25% and the weakening baht are pressuring the Stock Exchange of Thailand (SET) after the index already tumbled below the resistance level of 1,500 points, say analysts.

The Thai bourse opened lower on Wednesday after falling 0.88% to finish at 1,494 points on Tuesday amid concerns over an interest rate hike.

The index below 1,500 points is a negative…