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Friday, May 3, 2024

Bangkok Post – Asian shares slump as Mideast risk rises

RECAP: Asian stocks plunged yesterday as broad risk aversion swept through markets on escalating tensions between Iran and Israel and worries about higher-for-longer US rates.

The SET index moved in a range of 1,330.24 and 1,380.12 points this week, before closing yesterday at 1,332.08, down 4.8% from the previous week, with daily turnover averaging 57.86 billion baht.

Retail investors were net buyers of 9.24 billion baht. Foreign investors were net sellers of 6.74 billion baht, followed by brokerage firms at 1.57 billion and institutional investors at 932.53 million baht.

NEWSMAKERS: Persistent US inflation coupled with rising risk abroad mean the Federal Reserve might not cut interest rates at…

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