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Asian shares gain as bank worries ease
RECAP: Asian stock markets advanced yesterday as investors’ focus shifted from worries about the global banking system. That followed a revival on Wall Street, where rate-sensitive property and technology stocks led gains on Thursday.
Thai shares moved in a range of 1,586.01 and 1,615.29 points this week before closing yesterday at 1,609.17 , up 1.1% from the previous week, with daily turnover averaging 43.61 billion baht.
Institutions were the net buyers of 746.47 million baht, followed by retail investors at 434.62 million baht. Brokers were net sellers of 633.55 million baht and foreign investors sold a net 547.55 million baht.
NEWSMAKERS: US regulators said First Citizens BancShares would acquire all deposits and loans of the failed Silicon Valley Bank from the Federal Deposit Insurance Corp. The assets, worth $72 billion, would be acquired at a discount of…
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