RECAP: Asian shares reversed course and fell yesterday as investors took profits after record rallies in Japan and South Korea, while signs of an early snag in US-Iran talks lifted oil prices and the dollar.The Thai index continued its slide to below a key resistance at 1,580, after falling for four consecutive days, as risk appetite was capped by a relatively hawkish Fed.
The SET index moved in a range of 1,609.71 and 1,570.10 points this week, before closing yesterday at 1,572.50, down 1.3% from the previous week, with daily turnover averaging 70.87 billion baht.
Institutional investors were net buyers of 8.33 billion baht, followed by foreign investors at 3.28 billion and brokerage firms at 3.08 billion. Retail investors were net sellers of 14.70 billion baht.
NEWSMAKERS: The US and Iran on Thursday signed a 14-point memorandum of understanding, effective immediately, with a 60-day window for further negotiations. Gradual reopening of the Strait of Hormuz is expected over the next few days.
A day after the MoU signing, planned talks in Switzerland were put on hold after Vice President JD Vance postponed travel to Geneva, adding to uncertainty about prospects for reaching a lasting peace accord.
