Thai Stocks Set For Best Day Since 2020 as Policy Risks Fizzle.

Thai stocks are experiencing their largest one-day gain in almost four years, as traders anticipate political stability and market-boosting measures. The benchmark SET Index has risen by as much as 3%, marking its best day since November 2020. The strengthening baht against the dollar and the recently installed government's commitment to policy continuity have contributed to growing conviction that the previously underperforming stock market is due for a turnaround. The Thai government is also planning to raise cash to boost the stock market, and global funds have been investing in Thai bonds in anticipation of rate cuts by the US Federal Reserve. However, analysts caution that further policy measures are needed to sustain these gains. [Extracted from the article]