Investors cheer end of US debt drama

RECAP: Asian stocks advanced on Friday, buoyed by the passage of an agreement that averts a US debt default. Hopes that the US Federal Reserve will decide against lifting interest rates this month also lifted sentiment.

Thai shares moved in a range of 1,521.31 and 1,545.55 points last week before closing at 1,531.20 on Friday, up 0.024% from a week earlier, on average daily trading value of 49.18 billion baht.

Retail investors were net buyers of 6.17 billion baht, followed by institutional investors at 3.26 billion. Foreign investors were net sellers of 9.22 billion baht, followed by brokers at 209.35 million.

NEWSMAKERS: The US Senate passed legislation suspending the government’s $31.4-trillion debt ceiling, ending weeks of political drama and averting what would have been a first-ever default.

Some Fed officials are said to support a pause in raising interest…