Asian shares inch up on hope for US ‘soft landing’

RECAP: Asian shares inched higher yesterday, while the dollar retreated from a one-month peak, as investors assessed US economic data suggesting that a hoped-for “soft landing” is possible.

The Thai stock market was little changed as investors await clarity in domestic politics and second-quarter earnings reports, both at home and abroad.

Thai shares moved in a range of 1,528.63 and 1,562.07 points this week before closing yesterday at 1,530.46, down 0.8% from the previous week, in daily turnover averaging 49.35 billion baht.

Retail investors were net buyers of 5.7 billion baht, followed by brokers at 833.55 million. Foreign investors were net sellers of 5.21 billion baht, followed by institutions at…