RECAP: Asian stocks rose sharply yesterday, led by chip and AI firms, as investors brushed off concern about fresh US-Iran hostilities, which has put the spotlight back on oil prices and inflation risk.Thai shares continued their advance after moving back above 1,600 points on Thursday, as investors believe the Constitutional Court's approval of the government's emergency borrowing decree provides further room for fiscal stimulus.
The SET index moved in a range of 1,574.13 and 1,621.55 points this week, before closing yesterday at 1,621.55, up 0.6% from the previous week, with daily turnover averaging 79.31 billion baht.
Foreign investors were net buyers of 16.35 billion baht. Institutional investors were net sellers of 7.7 billion baht, followed by brokerage firms at 4.04 billion and retail investors at 1.93 billion.
NEWSMAKERS: US President Donald Trump declared the ceasefire agreement with Iran "over" as the two countries engaged in back-and-forth strikes and shipping through the State of Hormuz started to slow down again.
Brent crude prices jumped to $79 a barrel in response to Trump's announcements, but later eased to $76.30 after he said Iran had reached out to request peace negotiations.
