The Stock Exchange of Thailand (SET) returned to positive territory on Thursday after falling for three consecutive days following Sunday's election, with the victorious Move Forward Party (MFP) announcing a plan to form a coalition government with 313 members of parliament.
The SET index joined a regional rally among Asian bourses, tracking overnight gains on Wall Street, as concerns about a US debt default subsided. Market sentiment expects United States President Joe Biden and House Speaker Kevin McCarthy, political opponents, to reach an agreement on a debt ceiling extension by Sunday, according to analysts.
