RECAP: Asia-Pacific stocks retreated on Friday, slumping towards a second weekly loss as investors fretted about the potential for further US Federal Reserve tightening.
Thai shares consolidated as foreign fund outflows continued amid near-term headwinds including a weakening baht and rebounding bond yields. Fourth-quarter results and economists’ previews of official Thai GDP data, due on Feb 20, will be keys to monitor in the coming week.
Thai shares moved in a range of 1,656.74 and 1,689.51 points this week before closing yesterday at 1,664.57, down 1.4% from the previous week, in daily turnover averaging 58.63 billion baht.
Foreign investors were net sellers of 12.31 billion baht. Retail investors were net buyers of 10.97 billion baht, followed by brokers at 1.21 billion…
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