Thai Stocks Hit Global Peak with Foreign Investment of 52 Billion Baht, Election Outcome Hangs in Balance

Paradorn Tiaranapramote, Research Director at Asia Plus Securities, revealed that Thai stock markets are currently the world's top performer, rising over 8.3% following the recent election (February 9-18, 2024). This period represents a Global Rebalance where foreign investment flows prominently into Asian stock markets, including South Korea, Taiwan, Japan, and Vietnam. Critical investment support comes from foreign funds rapidly flowing into the Thai stock market, reaching 37 billion baht post-election and accumulating to 52 billion baht year-to-date. On February 19, 2024, the stock index reached 1,493.91 points, increasing 27.24 points or 1.86%, with trading volume at 94,756.45 million baht. The key factor to monitor is the controversial election ballot QR code, which may potentially conflict with constitutional privacy requirements and could lead to either a complete re-election or validation of the current results.