Golden Week optimism buoys most Asian marketsRECAP: Stocks rose yesterday in most Asian markets on the last trading day of the quarter amid optimism over spending during China's Golden Week holiday and reports of a possible summit between US and Chinese leaders. The SET index moved in a range of 1,524.97 and 1,471.43 this week, and closed yesterday at 1,471.43, down 3.4% from the previous week, with daily turnover averaging 61.98 billion baht. Retail investors were net buyers of 6.84 billion baht, while foreign investors were net sellers of 4.1 billion, followed by brokers at 2.53 billion and institutions at 208.35 million baht. The Bank of Agriculture and Agricultural Cooperatives (BAAC) will be compensated for lost interest at 4.5% or 11 billion baht a year. The Tourism Authority of Thailand (TAT) expects 5 million Chinese tourists this year, generating revenue of 300 billion baht.
