FX.co ★ Thailand Shares Hold at 6-1/2-Year Peak

Thailand’s SET50 Index traded sharply higher on Thursday morning, hovering near 1,078 and extending the upswing that began last week. The benchmark held at its highest level since early 2020, supported by a blend of government measures that pair short‑term cushioning—such as monetary easing, SME relief, and household debt management—with longer‑term structural reforms. Sentiment was further buoyed by a positive lead from Wall Street after softer US inflation data dialed back expectations of imminent Fed tightening.

Across Asia, weaker‑than‑expected Q2 GDP data from China fuelled expectations of additional stimulus ahead of the Politburo’s late‑July meeting. Upside for Thai equities, however, was capped by worries that higher oil prices could intensify cost pressures, after Thailand’s headline inflation rose for a third consecutive month in June, reversing a year‑long deflation trend. Among the notable gainers were Bangchak Corp. (up 5%), Global Power Synergy (3.0%), Berli Jucker (1.3%), and Cal‑Comp Electronics (1.1%).