Local stocks charmed by dovish Fed

Global markets rally on hints of slow hikes

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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