SINGAPORE -- Thailand's stock market has rallied in recent weeks to bring the benchmark SET Index near its 2024 high, with many pointing to the activity of a government-affiliated fund as a major factor.
Markets
Thai stock market rallies as state-backed $4.5bn fund gears up
Benchmark SET index nears 2024 high, lifted by companies with high ESG ratings
With the state-backed ESG fund expected to stimulate the market, one brokerage forecasts the SET Index to rise 5% by the end of the year. (Photo by Takaki Kashiwabara)
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