SET rallies as Yingluck is cleared | Bangkok Post: news

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SET rallies as Yingluck is cleared

Korean crisis, US data likely to hit sentiment

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Thai shares Thursday pared losses after the national anti-graft body cleared Prime Minister Yingluck Shinawatra of an asset concealment charge, but mounting tensions on the Korean peninsula and disappointing US economic data are expected to depress the market further. 

The benchmark SET index rose by 0.52% to close at 1,528.46 points, rebounding from a slump of as much as 2.6% in early trade to 1,480.41, with brisk trading worth 60.9 billion baht.

The market plunged 1.9% on Wednesday on panic selling over concerns about Ms Yingluck's case and potential measures to curb mortgage lending.

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