Asian markets mixed but SET sees correction

RECAP: Asian markets were mixed yesterday, with traders still preoccupied by interest rate worries, though Tokyo rallied after the man tipped as Japan’s next central bank head made the case for keeping its ultra-loose policy.

The local stock market underwent a correction following hawkish US Fed minutes and falling oil prices. The SET Index moved in a range of 1,631.54 and 1,669.51 points on the week before closing yesterday at 1,634.02, down 1.1% from the previous week, in daily turnover averaging 62.44 billion baht.

Foreign investors were sellers of 14.41 billion baht. Retail investors were net buyers of 6.98 billion baht, followed by institutional investors at 6.72 billion and brokers at 703.16 million baht worth of shares.

NEWSMAKERS: Nearly all US Federal Reserve policymakers supported further slowing the pace of interest-rate increases at their last…