RECAP: Asian shares slumped on Friday, with the SET closing below 1,600 points, following a sharp decline on Wall Street amid concern that pockets of trouble in the US banking sector could portend broader dangers.
Foreign investors continue to sell stocks from emerging markets. Foreign net selling on the SET as of Thursday totalled 36 billion baht since the start of the year.
Thai shares moved in a range of 1,596.44 and 1,624.78 points this week before closing yesterday at 1,599.65, down 0.4% from the previous week, in daily turnover averaging 54.02 billion baht.
Institutions were net buyers of 4.05 billion baht, followed by retail investors at 3.38 billion. Foreigners were net sellers of 6.56 billion baht, followed by brokers at 869.12 million.
NEWSMAKERS: Federal Reserve chairman Jerome Powell has told US lawmakers that interest rates may need to stay higher…
