RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.

The SET index moved in a range of 1,576.41 and 1,603.86 points this week before closing yesterday at 1,601.09, up 1.6% from the previous week, in daily turnover averaging 64.22 billion baht.