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Wednesday, May 8, 2024

Fed and Ukraine keep Asian bourses on back foot

Investors monitor share price movements at Asia Plus Securities’ headquarters on Sathon Road, Bangkok. (Photo: Pornprom Satrabhaya, Bangkok Post)

Recap: Most Asian stock markets extended losses on Friday as sentiment suffered on worries over an anticipated interest-rate increase by the US Federal Reserve next week, and the failure of talks to halt the Russian onslaught in Ukraine.

Trade was volatile all week on the SET, with the index moving in a wide range of 1,580.80 and 1,659.67 points. Shares staged a 10-point rally on Friday to close at 1,658.01, down by 0.82% from the previous week, in daily turnover averaging 114.29 billion baht.

Retail investors were net buyers of 5.83 billion baht and foreign investors bought 675.95 million baht. Brokerage firms were net sellers of 6.18 billion baht and…

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