SET set to rebound as stimulus kicks inMr Pichai, left, and Mr Sukit at a press conference. The Stock Exchange of Thailand (SET) index has the opportunity to rebound significantly, approaching 1,700 points this year as global interest rates stabilise and the government stimulates the domestic economy, says InnovestX Securities. Asian stock markets are more intriguing than leading markets such as the US and Europe due to their sustained high growth rates. Chief commercial officer Pichai Lertsupongkit said that when interest rates peak, bonds and gold tend to provide favourable returns, while stocks continue to exhibit volatility. Senior analyst Sutthichai Kumworachai said that in 2024 central banks worldwide, apart from Japan, are expected to start lowering interest rates.

Source: Bangkok Post January 17, 2024 12:09 UTC