Asian shares revive after big US tech rally

RECAP: Shares in Asia rallied yesterday after robust earnings from tech giants Meta, Microsoft and Alphabet buoyed Wall Street, where the S&P 500 had its best day since the first week of the year.

Chinese stocks rose ahead of the long May Day holidays, with media, financials and consumer shares leading the gains amid positive recovery signs and strong earnings.

Thai shares moved in a range of 1,524.30 and 1,561.55 points this week before closing yesterday at 1,529.12, down 1.9% from the previous week, in daily turnover averaging 39.89 billion baht.

Retail investors were net buyers of 2.25 billion baht, followed by institutional investors at 632.9 million. Brokers were net sellers of 1.65 billion baht, followed by foreign investors at 1.23 billion baht.

NEWSMAKERS: US economic growth lost steam in the first quarter, the Commerce Department said, as the…