RECAP: Asian shares were mixed yesterday as investors were heartened by the possible easing of Covid curbs in China, while they awaited job figures in the United States that could determine whether the Federal Reserve will start to moderate its interest-rate increases as widely expected.
Fund flows are expected to continue into Thailand as the pace of global interest rate hikes slows. The SET index is expected to test 1,670 points this month, analysts say. Energy stocks should recover, in line with rising crude oil prices as China eases Covid restrictions. As tourist arrivals have accelerated, stock market sentiment is positive and domestic plays are recommended.
