Tech shares lead US rally after Fed reassurances

Recap: US tech shares led a Wall Street rally after Federal Reserve Chairman Jerome Powell assured that inflation was not a worry. European stocks were subdued yesterday while most Asian markets retreated as traders looked ahead to a much-anticipated earnings reporting season.

The SET index moved in a range of 1,552.18 and 1,601.24 points this week before closing yesterday at 1,566.34, down 1.87% from the previous week, in daily turnover averaging 88.97 billion baht for four operating days.

Retail investors were net buyers of 6.55 billion baht and foreign investors bought 2.09 billion baht. Institutional investors were net sellers of 6.29 billion and brokerage firms offloaded 2.34 billion baht worth of shares.

Newsmakers: The IMF and the United States have thrown their support behind an international campaign to raise taxes on wealthy firms that have done well…