RECAP: Asian shares came under pressure yesterday after lingering banking stability concerns gripped Wall Street, while bond markets bet that recent rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year.
The SET Index traded sideways up, testing 1,600 points. Thai shares moved in a range of 1,543.47 and 1,599.78 points this week, before closing at 1,591.85 yesterday, up 1.8% from a week earlier, in low daily turnover averaging 49.55 billion baht.
Institutions were top net buyers of 5.71 billion baht, followed by retail investors at 53.46 million baht worth of shares. Foreigners were net sellers of 4.76 billion baht, followed by brokers at 999.41 million baht.
NEWSMAKERS: The US Federal Reserve has signalled it may raise interest rates once more this year before pausing, suggesting it is confident it can…
