Thai Stocks Set for Best Week Since 2021 as Political Risks Ease
- SET Index has gained about 4% this week after election
- Market warming to idea of another Thaksin leader: Aletheia
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Conviction is growing that one of the world’s worst-performing stock markets is due for a turnaround, as Thailand’s easing political uncertainty and new proposals to spur the economy revive investor confidence.
The benchmark SET Index has gained about 4% over the past five sessions, on track for its best week since early 2021, following the election of Paetongtarn Shinawatra as prime minister. Proposals including a debt restructuring initiative and a revised cash handout plan are fueling hopes for a return of consumption.