Local stocks charmed by dovish Fed
Global markets rally on hints of slow hikes
- 17 Mar 2017 at 04:00
- WRITER: POST REPORTERS
Federal Reserve chair Janet Yellen speaks after the Fed's Open Market Committee raised the US benchmark rate by a quarter point to a range of 0.75-1%. (Bloomberg photo)
Thai shares rose 1.05% Thursday, joining a global stock rally, as investors were given a breather with a more dovish outlook for future US rate rises.
The SET index started the day on a firm footing and headed north to the day's high of 1,559.61 before settling 1.05% higher at 1,557.05 in brisk turnover worth 56.1 billion baht.
Foreign investors cashed out 1.3 billion baht Thursday, bringing their net selling to 13.4 billion this year.
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