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Bangkok Post
Bangkok Post
Business

Fears of rate hikes continue to pressure equities

European Central Bank United States Inflation Joe Biden Thailand Oil Asian CPALL Economic Growth Euro

Recap: World stocks fell on Friday as news of imminent rate hikes from the European Central Bank and concerns over upcoming US inflation data spurred fears over global economic growth.

The SET index moved in a range of 1,630.37 and 1,652.11 points this week before closing yesterday at 1,632.62 points, down 0.91% from the previous week, in daily turnover averaging 63.7 billion baht.

Retail investors were net buyers of 7.27 billion baht, brokerage firms bought 479.82 million baht. Foreign investors were net sellers of 5.89 billion baht. Institutional investors offloaded 1.87 billion baht worth of shares.

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