RECAP: Global equities trimmed their losses yesterday as Chinese shares surged amid signs that authorities are trying harder to ease the severe economic impact of the zero-Covid policy. The MSCI index of Asian shares headed for its biggest weekly jump since July.
Thai shares withstood a week of volatility with the SET remaining above 1,600 points, supported by optimistic reports out of China. However, the continuing pace of aggressive interest rate hikes by major central banks capped gains.
The SET Index moved in a range of 1,605.76 and 1,635.93 points this week before closing yesterday at 1,626.32, up 1.26% from the previous week, in daily turnover averaging 62.23 billion baht.
