Asian equities rise amid expected rate relief

RECAP: Stocks and currencies in Asia gained in line with a weakening of the US dollar, as traders embraced riskier assets on prospects the Federal Reserve’s tightening cycle is nearing an end.

Thai shares moved in a range of 1,373.20 and 1,424.66 points before closing yesterday at 1,419.76, up 2.3% from the previous week, with daily turnover averaging 42.48 billion baht.

Institutional investors were net buyers of 3.24 billion baht. Foreign investors were net sellers of 2.6 billion baht, followed by retail investors at 546.98 million and brokers at 97.99 million baht.

NEWSMAKERS: The US Federal Reserve kept interest rates unchanged on Wednesday, and while chairman Jerome Powell left the door open to…