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Bangkok Post

Business

Bourses boom on Fed rate uptick

US Federal Reserve Kobsak Pootrakool United States

Pedestrians walk past an electronic share price board in Tokyo yesterday showing the closing numbers on the Tokyo Stock Exchange. AFP

Thai and global stock markets rallied following the Federal Reserve's decision to raise the interest rate by 0.25 percentage points on Thursday.

However, concerns over US inflation remain, causing gold prices to continue rising. The fourth round of peace talks between Russia and Ukraine reportedly failed to make progress, pressuring market sentiment in the short term.

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