Bangkok, Feb. 10 -- Global investment funds are flocking back to the Thai stock market following the decisive victory of the ruling Bhumjaithai Party in the February 8 election, paving the way for policy continuity in the Southeast Asian nation.
According to data compiled by Bloomberg, foreign investors bought a net 531.3 million USD worth of Thai stocks on February 9, the highest level since February 2022. This inflow helped push the benchmark index up 3.5% on the same day, making it the best performer in Southeast Asia.
Citigroup analyst Preenapa Detchsri wrote in a report that the initial results of the Thai election suggest potential stability in the formation of a new coalition government still led by the Bhumjaithai Party. He added ...