An investor monitors share price movements. (File photo)
RECAP: Asian shares and currencies slipped on Friday as strong economic data from the US and hawkish Federal Reserve comments revived fears that the US central bank will stick to its path of interest rate increases to tame inflation.
Thai shares retreated as fourth-quarter GDP growth was considerably lower than expected, reflecting a slide in exports amid weak global demand. In the medium term, the local market is expected to swing sideways until the Fed meeting on March 22.
The SET index moved in a range of 1,642.97 and 1,669.98 points this week before closing yesterday at 1,651.67, down 0.8% from the previous week, in daily turnover averaging 64.39 billion baht.
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