Thailand shares likely to move higher

Thailand share prices are likely to rise next week amid easing worries over the US housing loan crisis, dealers said Friday. "Investors are hopeful that the US subprime problems will be solved soon, and foreign investors are likely to return to the market," said Chai Chirasevenupraphand, a market strategist at Capital Nomura Securities.
US President George W. Bush is set to announce a series of measures aimed at easing the mortgage crisis late Friday, according to the Washington Post. The US housing crisis has sparked global fears over a credit squeeze and has roiled world stock markets over the past several months.