The Thai stock market continued to slide on Monday, following the decline of stock markets in Asia as Japan’s Nikkei closed 1.63% lower after the country announced travel bans starting tomorrow.
As of 16:10 local time in Thailand, SET Index dropped 21.61 points or 1.34% to 1,589 points with a trading value of 101 billion baht. Nikkei closed 1.63% lower, SSEC slipped 0.04%, Hang Seng Index fell 0.95%, ASX 200 dipped 0.54% while IDX Composite edged 0.71% higher.
Despite negativity in the Asian markets, European stocks opened higher. DAX rose 0.12%, FTSE gained 0.59%, CAC jumped 1.06% and STOXX600 increased 0.61%.
Meanwhile, Dow Jones Futures was 0.61% higher at 35,111 points.
Amid rising concerns of the new Covid-19 B.1.1.529 (omicron) variant, Goldman Sachs, Credit Suisse and J.P. Morgan stated that it is too early to conclude the severity of this new variant, saying that there will be no major change in portfolio as of now and advising countries to take conservative approaches.