Thai bourse sees uptick as inflation worries deflate
Analysts see limited upside in short term
Stock prices are displayed on an electronic board at a securities brokerage. (Photo: Pornprom Satrabhaya)
The Thai stock market rose 1.43% to close at 1,667.92 points on Wednesday, in line with global markets, as inflation worries eased following reports of a lower than expected US producer price index (PPI), falling crude oil prices and progress in peace talks between Russia and Ukraine.
The Nikkei 225 opened at 25,574.90 points, up 228.42 points or 0.9%, while the Hang Seng Index opened at 18,956.02, up 540.94 points or 2.94%, and the SSE Composite Index opened at 3,107.67 points, up 43.71 points or 1.43%.
However, analysts expect limited upside for stocks…
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