RECAP: Asian markets fell again yesterday and the dollar extended gains amid a global sell-off fuelled by growing recession fears as central banks around the world ramped up interest rates to fight decades-high inflation.
Despite the challenges, analysts think the Thai equity market will benefit from an improving economic outlook as the Covid threat recedes and tourism revives further. That should help support medium- to long-term fund inflows and reduce pressure on the baht.
The SET Index moved in a narrow range of 1,628.96 and 1,649.29 points this week before closing yesterday at 1,631.71, up 0.08% from the previous week, in daily turnover averaging 64.73 billion baht.
