Thailand’s SET Index closed at 1,400.89 points, increased 46.88 points or 3.46%, with a trading value of THB 102.11 billion. The analyst stated that the Thai market sharply rose with huge volume, surpassing 100 billion. This was due to investors pricing in the landslide victory of the Bhumjaithai Party, which is anticipated to form a stable government with continuous policy implementation, bolstering investor confidence.
The analyst expects the Thai market to move relatively flat tomorrow after having sharply climbed today.
An official result from Thailand’s national elections shows the Bhumjaithai Party with the highest number of parliamentary seats, expecting to remain in control of the parliament. Simultaneously, initial counts reveal broad public endorsement of the referendum proposal.
Japan’s Liberal Democratic Party, led by Prime Minister Sanae Takaichi, secured a decisive victory in Sunday’s snap election, capturing a commanding majority in the House of Representatives. The sweeping win grants Takaichi and her coalition significant legislative authority, signaling major policy shifts for investors and markets.
Jimmy Lai, the founder of Apple Daily, has been handed a 20-year prison term in one of Hong Kong’s highest-profile national security cases since the introduction of sweeping legislation by Beijing in 2020. He was found guilty in December on charges including collusion with foreign entities, threats to national security, and conspiracy to produce seditious content.
