Bourses drop as investors fret over Omicron variant impact

Published by
The Bangkok Post

The Thai stock market, along with the global stock markets, continued to drop on Monday as investors assess risks and uncertainties surrounding the newly emerged Omicron Covid variant. The SET Index plunged 20.92 points or 1.3% to close at 1,589.69 yesterday with trading value of 115.8 billion baht. Meanwhile, European stock markets rebounded slightly on Friday’s heavy decline. However, alternative assets like cryptocurrencies such as Bitcoin and Ethereum and safe-haven assets such as gold all rose as investors seek refuge from volatility, according to Nuttachart Mekmasin, executive director a…

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