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Saturday, May 4, 2024

Asian shares stall on risk aversion

RECAP: Asian equities were mostly in the red while currencies logged some gains on Friday, as stock investors remained risk-averse following strong economic data from the United States and continued uncertainty in China.

Thai shares moved in a range of 1,542.66 and 1,565.74 points this week before closing on Friday at 1,547.17, down 0.9% from the previous week, in low daily turnover averaging 40.67 billion baht.

Retail investors were net buyers of 4.29 billion baht, followed by brokers at 198.96 million. Foreign investors were net sellers of 3.55 billion baht, followed by institutions at 939.04 million.

NEWSMAKERS: Shares of Apple Inc plunged 6.4% over two days after China prohibited government employees from using iPhones for work, which will hurt the company in its largest market. A new phone from Huawei and a rising tide of nationalism in China…

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