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KTB Securities (Thailand) Public Company Limited (KTBST) forecasted that CPF s share price on 3 February 2020 dropped sharply 6.67% because of the concern over the spread of H5N1 bird flu in China. According to the reported news, 4,500 of 7,850 chickens had died on a farm where the outbreak occurred while the Government culled about 18,000 chickens to contain the spread of bird flu even there was no infection case reported.
A clear risk off The latest Vix index has increased by over 48% during the overnight to 40.79 points, reflecting investor concerns, especially the relaxation of the U.S. lockdown measures during the situation of the COVID-19 that still has an increasing number of people infected. Moreover, the Fed s GDP forecast for 2020 which is still negative at 6.5% returned to create concerns and less confidence in the overall economy.
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