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Friday, May 3, 2024

Asian shares rally on upbeat data from China

Investors monitor share prices at Asia Plus Securities on Sathon Road, Bangkok. (File photo)

RECAP: Asian stocks rose strongly on Friday, extending a global equity rally, after better-than-expected Chinese economic data added to the optimism that tightening campaigns by major central banks were almost over.

Thai shares moved in a range of 1,532.48 and 1,551.01 points before closing on Friday 1,542.03, down 0.3% from the previous week, in daily turnover averaging 46.97 billion baht.

Retail investors were net buyers at 2.67 billion baht, followed by brokers at 1.12 billion. Foreign investors were net sellers of 3.64…

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