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Bangkok Post
Bangkok Post
Business

Asian equities retreat on US slowdown worries

United States Asia Thailand Recession SET China Economy Oil Apple Asia-Pacific

RECAP: Asian and European markets fell yesterday on lingering recession worries as data indicated the US economy was slowing down. Thailand has low recession risk but the SET has slid amid negative global sentiment and falling oil prices.

Thai shares moved in a range of 1,549.64 and 1,604.21 points this week before closing yesterday at 1,558.36, down 2.2% from a week earlier, in daily turnover averaging 53.71 billion baht.

Retail investors were net buyers of 5.91 billion baht. Foreign investors were net sellers of 4.99 billion, followed by institutions at 667.21 million and brokers at 246.72 million baht worth of shares.

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