Thailand’s military government has made a start on fixing an economy battered by political turmoil. So far so good, if the reaction in Thai markets this week is anything to go by.
A list of emergency measures drawn up since the military junta took control in Bangkok on May 22 include price caps on fuel, loan guarantees to small firms and some form of insurance scheme for rice farmers.
The measures appear to have received a positive response from investors, with Thai stocks this week hitting their highest level in over seven months and the Thai baht recovering almost 0.7 percent from a four-month low hit Monday.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.