Thailand's stock market recovery fails; foreign investors withdraw

Thailand's stock market is struggling despite a $4.5 billion investment in the Vayupak Fund aimed at revitalizing it. The SET Index has dropped over 16% this year, making it the worst-performing market globally. Foreign investors have withdrawn $4.2 billion in the past year, driven by concerns over the economy, high household debt, and political instability. Recent government measures, including a $44.4 billion cash handout and tax incentives, have not improved market sentiment. Analysts note that Thailand's economic growth is lagging behind its Southeast Asian neighbors, and investor confidence remains low. The government's ability to implement effective reforms will be crucial for restoring faith in the market.