Asian investors hold breath amid US debt drama

RECAP: Asian markets mostly rose on Friday but investors remained on edge heading into the weekend amid concern that US debt-ceiling negotiations could still break down.

Thai shares moved in a range of 1,491.12 and 1,542.91 points this week before closing on Friday at 1,530.84, up 1.05% from the previous week, in daily turnover averaging 44.21 billion baht.

Institutions were net buyers of 7.89 billion baht, followed by brokers at 453.43 million and retail investors at 268.93 million. Foreign investors were net sellers of 8.62 billion baht worth of shares.

NEWSMAKERS: Fitch Ratings warned that the US credit rating could be downgraded if political leaders cannot reach agreement to raise the debt ceiling by the deadline of June 1.

• The dollar was headed for a third straight weekly gain, as markets raised bets on higher-for-longer interest rates to curb sticky…