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Thursday, May 2, 2024

Mideast tensions push down Asian equities

RECAP: Asian stocks declined yesterday for a third day following falls on Wall Street as tensions escalated in the Middle East, driving gold and oil to further advances.

Thai shares moved in a range of 1,397.80 and 1,446.26 points this week, before closing yesterday at 1,399.35, down 3.5% from the previous week, with daily turnover averaging 49.51 billion baht.

Retail investors were net buyers of 4.1 billion baht. Foreign investors were net sellers of 2.84 billion, followed by brokers at 1.07 billion and institutional investors at 196.52 million baht.

NEWSMAKERS: Chairman Jerome Powell said the US Federal Reserve is inclined to hold interest rates steady again at its Oct 31-Nov 1 meeting, while…

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