Golden Week optimism buoys most Asian markets

RECAP: Stocks rose yesterday in most Asian markets on the last trading day of the quarter amid optimism over spending during China’s Golden Week holiday and reports of a possible summit between US and Chinese leaders.

Thai shares continued to drift lower, with the SET Index closing below 1,500 points on Monday for the first time since February 2021.

The SET index moved in a range of 1,524.97 and 1,471.43 this week, and closed yesterday at 1,471.43, down 3.4% from the previous week, with daily turnover averaging 61.98 billion baht.

Retail investors were net buyers of 6.84 billion baht, while foreign investors were net sellers of 4.1 billion, followed by brokers at 2.53 billion and institutions at 208.35 million baht.

NEWSMAKERS: Senior US and Chinese diplomats have held “in-depth” talks in Washington, covering issues such as North Korea, Myanmar and…