RECAP: Asian stocks shook off worries about rising interest rates and economic risks to advance yesterday as many investors took profits before the Lunar New Year holiday closes many markets in the region next week.
World stocks fell on Thursday as worries mounted that an aggressive stance by central banks could push the global economy into a slowdown. The downbeat mood offset hopes that China’s economy would enjoy a strong recovery this year.
Domestically, Kasikornbank (KBANK) reported fourth-quarter results that were well below consensus estimates, leading to negative sentiment about the banking sector.
The SET Index moved in a range of 1,691.35 and 1,672.49 points this week before closing yesterday at 1,677.25, down 0.3% from the previous week in daily turnover averaging 66.69 billion baht.
Foreign investors were net buyers of 4.4 billion baht, followed by…
