RECAP: Emerging Asian markets fell yesterday as surging oil prices and limited progress in US-Iran peace negotiations heightened concerns over inflation and economic uncertainty. As well, the Trump-Xi summit produced little news to excite investors.The Thai market fell on profit taking, following speculative buying earlier in the week, as the Beijing summit did not yield "breakthrough" outcomes.
The SET index moved in a range of 1,481.95 and 1,540.07 points this week, before closing yesterday at 1,517.95, up 1.2% from the previous week, with daily turnover averaging 66.4 billion baht.
Foreign investors were net buyers of 9.89 billion baht, followed by brokerage firms at 4.79 billion. Institutional investors were net sellers of 11.25 billion baht, followed by retail investors at 3.43 billion.
NEWSMAKERS: US President Donald Trump said China had agreed to purchase 200 Boeing aircraft, while Washington approved the purchase by 10 Chinese tech firms, including Alibaba and Tencent, of advanced H200 AI chips from Nvidia, following Thursday's Trump-Xi summit in Beijing.
Trump branded Iran's terms for ending the Middle East war "totally unacceptable", raising the possibility of fresh conflict and sending oil prices sharply higher.
