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Thursday, May 9, 2024

Bangkok Post – Asian shares get lift from US tech results

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

RECAP: Asian shares rose yesterday, led by tech firms after strong earnings reports from Microsoft and Alphabet on Wall Street. But investors are becoming resigned to the idea that US interest rate cuts are probably many more months away.

After rising for four days in a row driven by foreign buying, the Thai index underwent a correction on Friday, falling 0.3% to near a key resistance of 1,350 points.

The SET index moved in a range of 1,339.92 and 1,366.24 points on the week, before closing on Friday at 1,359.94, up 2.1% from…

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