The SET Index climbed towards 1,670 points early in the week before surprisingly high US inflation dragged down global risk assets and Thai shares on Wednesday morning. The downside was limited, however, as investors bought shares back, causing the SET to move sideways around 1,650. The most important factor to monitor will be the Federal Open Market Committee meeting on Tuesday and Wednesday. Outperformers included electric vehicle-related stocks, software tech plays and stocks with a clear catalyst and robust earnings momentum such as EA, WHAUP and BRR. The SET is expected to move in a rather wide range between 1,630 and 1,700 points this week. The market has largely priced in the bearish tone and is monitoring indicators of further increases, including the Fed’s own ‘dot plot’ . . .
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